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Person of interest identified in connection with deadly Brown University shooting as police gather evidence; Bondi Beach gunmen who killed 15 after targeting Jewish celebration were father and son, police say; Nebraska farmers get help from Washington for crop losses; Study: TX teens most affected by state abortion ban; Gender wage gap narrows in Greater Boston as racial gap widens.

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Debates over prosecutorial power, utility oversight, and personal autonomy are intensifying nationwide as states advance new policies on end-of-life care and teen reproductive access. Communities also confront violence after the Brown University shooting.

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Farmers face skyrocketing healthcare costs if Congress fails to act this month, residents of communities without mental health resources are getting trained themselves and a flood-devasted Texas theater group vows, 'the show must go on.'

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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