Connecticut Hospitals Face $3B Gap, Seek Funding

Connecticut hospitals grapple with a $3 billion shortfall in patient care costs, exacerbated by rising labor, supply, and drug expenses. Low Medicaid reimbursement rates, often less than 62% of costs, contribute to annual deficits of $1.5 billion. HR1s potential coverage loss could further strain resources. Hospital advocates push for increased funding, while officials highlight a $140 million payment boost in the governors budget. Despite slight margin improvement, average operating margins remain low, and northeast hospitals lag behind pre-pandemic levels. Negotiations aim to balance a hospital tax hike and secure federal matching funds for care access.

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