University of Vermont Medical Center appeals GMCB decision to limit revenue after reporting budget surplus.

The University of Vermont Medical Center (UVMMC) is appealing a Green Mountain Care Board (GMCB) decision that limits its revenue and insurance prices after reporting an unexpected budget surplus. UVMMC argues the surplus stems from increased patient volumes, not profit, and claims the GMCB's actions could negatively impact services. The GMCB counters that UVMMC mismanaged its budget and has faced penalties for high costs. The hospital is also seeking to delay budget cuts that may affect patient care.

October 22, 2024
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