Vermont Empowers Regulators to Cut Hospital Reimbursements Amid Insurer Insolvency Risk
Vermont has enacted legislation empowering health care regulators to lower hospital reimbursement rates from insurers at imminent risk of insolvency. This law aims to stabilize the troubled health insurance market amid increasing claims costs. Blue Cross Blue Shield, the largest commercial insurer in Vermont, has indicated financial distress, prompting state intervention to mitigate the risk of insurer insolvency and safeguard against market disruption.
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