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Green Mountain Care Board discusses state of Vermont's hospitals

uvmmc green mountain care board
UVM Medical Center
uvmmc green mountain care board
SOURCE: UVM Medical Center
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Green Mountain Care Board discusses state of Vermont's hospitals
Several hospitals in Vermont are seeing revenue losses, something the Green Mountain Care Board said Wednesday needs to change for hospitals to continue to operate. "These negative margins are really worrisome," said board member David Murman.Concern is also growing over threats made by the Trump Administration to cut Medicaid and Medicare and recent instability in the stock market. "I think as many of these hospitals are, frankly, keeping the lights on with strong investment gains, I think that pending cuts in Medicare and Medicaid that we're seeing on the horizon, potential subsidies going away, potential inflation due to tariffs and volatility in the stock markets," said Jessica Holmes, a board member. "I'm not seeing a bright future here." GMCB said it is trying to reduce the burden on hospitals. "Easier said than done, but that is something we should continue to work toward," board chair Owen Foster said. "Let's continue to think about that and how we can continue to put our effort and time where it's best for the whole system. Hopefully, we have a lot of compliant budgets this year and it's a quicker and easier process for everyone."The board will now consider certain hospitals for enforcement. One hospital is already looking at cuts. Morrisville's Copley Hospital said they've hired a consulting firm to assess whether their birthing center should remain open. It will look at the decline in births at Copley and assess the costs of operating the center 365 days a year, 24/7, among other aspects. The idea of closing the center was first proposed back in December in the Oliver Wyman report. In a letter released Tuesday, the hospital said they are taking the impact this will have on the community into consideration. The report will be done in three months.

Several hospitals in Vermont are seeing revenue losses, something the Green Mountain Care Board said Wednesday needs to change for hospitals to continue to operate.

"These negative margins are really worrisome," said board member David Murman.

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Concern is also growing over threats made by the Trump Administration to cut Medicaid and Medicare and recent instability in the stock market.

"I think as many of these hospitals are, frankly, keeping the lights on with strong investment gains, I think that pending cuts in Medicare and Medicaid that we're seeing on the horizon, potential subsidies going away, potential inflation due to tariffs and volatility in the stock markets," said Jessica Holmes, a board member. "I'm not seeing a bright future here."

GMCB said it is trying to reduce the burden on hospitals.

"Easier said than done, but that is something we should continue to work toward," board chair Owen Foster said. "Let's continue to think about that and how we can continue to put our effort and time where it's best for the whole system. Hopefully, we have a lot of compliant budgets this year and it's a quicker and easier process for everyone."

The board will now consider certain hospitals for enforcement.

One hospital is already looking at cuts. Morrisville's Copley Hospital said they've hired a consulting firm to assess whether their birthing center should remain open.

It will look at the decline in births at Copley and assess the costs of operating the center 365 days a year, 24/7, among other aspects.

The idea of closing the center was first proposed back in December in the Oliver Wyman report.

In a letter released Tuesday, the hospital said they are taking the impact this will have on the community into consideration.

The report will be done in three months.