By Courier Staff
St. Albans: The Green Mountain Care Board will allow prices at hospitals to go up an average of 1.8 percent in the upcoming fiscal year, but will hold Northwestern Medical Center’s rates alone.
The board, which regulates hospitals’ budgets and insurance prices, finished approving the prices for Vermont’s 14 hospitals Thursday. The board’s accountants are still calculating how much revenue those new prices will take in.
The results leave $2.4 billion in hospital budgets largely unchanged. Even though numerous hospitals took in more money for care than they were supposed to in 2015 or are expected to do so in 2016, none will be forced to decrease how much they charge insurance companies starting Oct. 1. Continue reading “REGULATORS LEAVE NMC MEDICAL RATES UNCHANGED”