Green Mountain Care Board's Impact on Hospital Budgets and Insurance in Vermont
Green Mountain Care Board's Decision
The Green Mountain Care Board has made a significant change by capping overall charge increases for patient care at Vermont hospitals. This new regulation impacts healthcare providers and the financial planning of institutions like Rutland Regional Medical Center.
Effect on Hospital Budgets
- The charge increase is limited to 3.4% or less.
- Most requests for additional patient revenue were denied.
Insurance Industry and Patient Care
As this new guideline unfolds, Blue Cross and Blue Shield of Vermont and others will navigate the changes in hospital financing models. The University of Vermont Health Network is also affected, prompting adjustments in service charges.
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