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The state's hospitals have spent between $75 million and $100 million to date for supplies, equipment, training and increasing patient capacity, the Connecticut Hospital Association said.
“Our hospitals are vital economic anchors, providing the stability and growth that contributes greatly to the financial health of the state and the communities they serve,” said CHA CEO Jennifer Jackson.
Under the terms of the deal, which must be approved by the General Assembly, hospitals will have a more stable and predictable user fee schedule, with a reduction in the user fee (or "hospital tax") from $900 million to $820 million by FY 2026.
“We have been in discussions with the state, with a mutual goal of resolving this matter so the legislature could take it up by the end of this month,” according to a statement by the Connecticut Hospital Association.
According to the 2019 Economic Impact Report by the Connecticut Hospital Association, the care providers collectively spent $7.6 billion on employee payroll, $5.4 billion on goods and services, and $840 million on capital projects.
Great strides forward for mothers, newborns and medical practitioners are expected.