Vermont passes bill allowing hospital rate cuts to prevent insurer insolvency

(By: Jakob Emerson for Becker’s Hospital Review)

Vermont lawmakers have passed legislation that grants the Green Mountain Care Board new powers to manage the financial health of hospitals and insurers in the state.

The GMCB, an independent state agency in Vermont responsible for overseeing the state’s healthcare system, will be allowed to reduce health insurers’ reimbursement rates to hospitals if the insurer is facing an imminent risk of insolvency. Continue reading here…

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