Hospital CEOs hit Connecticut gov for reimbursement cuts

Connecticut hospital leaders called on Gov. Dannel P. Malloy (D) to reverse budget cuts he ordered earlier in September, according to the Hartford Courant. The Malloy administration last week announced a $63 million reduction in Medicaid payments to hospitals; if the cuts go through, hospitals could lose $130 million more in federal revenue, Connecticut Hospital Association CEO Jennifer Jackson told the Courant. The result, she said, would be longer wait times, layoffs and widened patient care gaps. The state Senate's Republican minority joined hospital leaders in decrying the cuts. "Less than three months into a new, two-year budget, it is already out of balance and showing a deficiency,'' said Sen. Len Fasano. "It doesn't bode well, not only for the rest of this fiscal year but in fact for the next two years." Article

Suggested Articles

Buoyed by strong demand for its stock, GoodRx raised $1.1 billion in its IPO after pricing its deal well above its expected price range.

Telehealth company Amwell saw its stock spike 42% in its first day of trading Thursday after raising an outsized initial public offering.

A new report outlines major telehealth policy recommendations but one physician group says the changes don't go far enough to support doctors.