Healthcare DIVE June 4, 2024
Policies in several states have limited provider rates and levels of reimbursement, as well as constrained operating flexibility, according to Fitch Ratings.
Dive Brief:
- State-specific caps on how much health systems can increase patient and payers fees could compress nonprofit hospitals’ revenue and reduce operating margins at a time when the sector is already struggling with expense pressures, Fitch Ratings said in a report issued last week.
- Connecticut, Maryland, Massachusetts, Nevada, New Jersey, Oregon, Rhode Island and Washington have already established caps for price increases, which Fitch says has limited provider rates and levels of reimbursement and constrained operating flexibility.
- The state efforts come amid a nationwide push to lower healthcare costs, including government initiatives reducing surprise billing and...
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Topics: Govt Agencies, Health System / Hospital, Insurance, Payer, Provider, States, Survey / Study, Trends