Vermont Hospitals Call for 3% Spending Increase

Vermont's 13 hospitals have submitted budgets asking for $62.8 million in new money, a spending increase of 3 percent.

This constitutes a drop in spending compared to fiscal year 2013 spending, which involved $141 million in new money with budgeted costs totaling $2.12 billion. The hospitals' proposed 2014 budgets total $2.19 billion.

The Green Mountain Care Board — which Vermont lawmakers created in 2011 in part to regulate hospital budgets — had set a base target of 3 percent.

More Articles on Hospital Budgets:
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Healthcare Price Growth Hits 20-Year Low 

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