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Monday, April 29, 2024

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At least 4 killed in Oklahoma tornado outbreak; 10 shot outside Florida bar; AZ receives millions of dollars for solar investments; Maine prepares young people for climate change-related jobs, activism; Feds: Grocery chain profits soared during and after a pandemic.

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Ukraine receives much-needed U.S. aid, though it's just getting started. Protesting college students are up in arms about pro-Israel stances. And, end-of-life care advocates stand up for minors' gender-affirming care in Montana.

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More rural working-age people are dying young compared to their urban counterparts, the internet was a lifesaver for rural students during the pandemic but the connection has been broken for many, and conservationists believe a new rule governing public lands will protect them for future generations.

CT, US Hospitals Face Significant Financial Losses

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Friday, April 28, 2023   

Hospitals in Connecticut and across the nation faced significant financial losses in 2022.

A Connecticut Hospital Association report found that hospitals in the state incurred $164 million in losses in 2022, relative to pre-pandemic levels. Along with this, hospital expenses increased by 23%, reflecting a national trend. An American Hospital Association report found that hospital expenses increased by 17.5% between 2019 and 2022.

Bharath Krishnamurthy, director of health analytics and policy for the American Hospital Association, described the cause of this growth.

"What's really striking is that the expense increases outpaced the increases in inflation," he said, "and so part of what's going on here is the fact that patients are now coming into the hospital sicker and more complex than they were, prior to the COVID-19 pandemic."

The report also found growing expenses eclipsed Medicare reimbursement, which increased 7.5%.

Krishnamurthy noted that hospitals need help from Congress to negate further losses by getting workers into the health=care field. In 2022, the Centers for Disease Control and Prevention awarded Connecticut a $32 million grant for public-health workforce development.

For now, Krishnamurthy said he is hoping to see state and federal lawmakers continue supporting hospitals as best they can. He noted there are still many challenges ahead for hospitals, including the end of the public-health emergency programs. But others were there beforehand.

"One of the biggest challenges that hospitals have to cope with are increasing drug prices," he said. "Now, this isn't something new that happened in the last three years. This is something that's been longstanding, but what we're really seeing that is egregious is drug prices have increased on average 30%. And, that is really hard for hospitals to cope with."

In 2016, more than 2,600 drugs increased in price, but that increased to more than 3,000 in 2022, according to a report from the U.S. Department of Health and Human Services. The same report noted that prescription drug prices saw a 31.6% increase, far more than the 8.5% rate of inflation.


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