In October, the GMCB capped the amount the state’s 14 hospitals can raise in revenues from patients at 3.75 percent for FY 2013. In 2014, 2015 and 2016, the GMCB hopes to lower the cap to 3 percent.
“We are tightening the range of flexibility, and we’re making it clear that we’re headed toward a lower rate of growth, more consistent with the lower rate of growth in the economy,” Anya Rader Wallack, chair of the GMCB, told vtdigger.org.
Healthcare in Vermont is in the middle of a major restructuring. Pending a waiver from the federal government, the state will start its own single-payor system, which will provide universal healthcare coverage to all state residents. In January, Vermont officials released its healthcare financing plan, which detailed how its single-payor system would be funded starting in 2017.
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