Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Green Mountain Care Board warns Vermont hospitals face acute financial strain
Summary
GMCB chair Owen Foster told the Senate committee that a 2024 report showed about a $2.4 billion shortfall for hospitals over five years and presented FY26 budget metrics showing several Vermont hospitals with low days‑cash‑on‑hand, leaving them vulnerable to service reductions or insolvency.
Owen Foster, chair of the Green Mountain Care Board, told the Senate Health & Welfare Committee that Vermont’s hospital system is under acute financial pressure and that the board’s recent analyses and statutory work reflect that risk.
“Just the hospital system…we're about $2,400,000,000 short of revenue to maintain the status quo over the next five years,” Foster said, citing the Act 167 report released in September 2024 and warning that subsequent federal policy changes may make that estimate optimistic. He said the board’s…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
