Vermont hospitals heading for bankruptcy. A plan to keep them afloat calls for dramatic changes
Vermont Public
Vermont’s hospitals are in trouble. A new analysis found that the state’s hospitals would need as much as $3 billion in subsidies — from commercial insurance increases or taxpayers — to remain solvent over the next five years, if immediate steps aren’t taken.
That figure comes from a 142-page report outlining a plan to radically transform the state’s health care delivery system to bring down costs while continuing to provide access to care.
The report was mandated by statute and put together by the consulting firm Oliver Wyman, whose team conducted a series of meetings with thousands of patients, health care workers, hospital leaders and advocates over the past year.
“There is no hospital in Vermont that is not in jeopardy,” stressed Dr. Bruce Hamory, a consultant who specializes in redesigning health delivery and former infectious disease physician who led work on the report.