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Committee advances framework for reference-based pricing; asks Green Mountain Care Board to study global hospital budgets
Summary
At a House Health Care Committee markup session, lawmakers refined bill language directing the Green Mountain Care Board to establish reference-based prices for hospitals by hospital fiscal year 2027 and asked the board to report on the feasibility and potential timeline for hospital global budgets.
At a House Health Care Committee markup session, legislators revised draft bill language directing the Green Mountain Care Board to establish reference‑based prices and to report on the possible future use of global hospital budgets.
The committee directed the board to set reference‑based prices that “represent the maximum amount that hospitals shall accept as payment in full” for items and services delivered in Vermont and allowed the board to set minimum payment amounts for nonhospital providers to prioritize certain services and care settings. Committee members specified…
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