MET settlement improves hospitals' outlook
That did not change the state’s bond rating or its outlook, but it did connote a warning to the state to address the problem, which the state did by reaching agreement with the hospitals at the end of last month.
The payments were stopped during the 2011-12 biennial budget when lawmakers decided to stop returning what was collected to hospitals.
According to Moody’s, the elimination of the state money left the largest hospitals paying a tax ranging from $9 million to $17 million.
The agreement calls for the MET rate to reduce slightly over the next four years and for state and federal money for uncompensated care to gradually decrease as more and more people have health insurance through the Affordable Care Act.
Information indicates that Elliot paid MET taxes between $16.1 million and $17.2 million during the last three fiscal years, Concord between $16.2 million and $16.5 million, CMC between $9.8 million and $15.3 million, and Exeter between $8.7 million and $10 million.
- How much more would prices have to rise before you'd consume less?
- I've already cut back
- More than 100%
- Total Votes: 63
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