Colorado Hospitals Face $285M Loss From Governor’s Budget
The group representing Colorado hospitals say the governor’s new budget will put facilities in rural and underserved areas of the state at risk.
The Colorado Hospital Association predicts cuts included in the budget would cost hospitals $285 million. That's because not only would they lose state funding, they would lose federal matching funds.
The cuts were triggered by required spending increases and tax refunds. For some rural and underserved hospitals, the cuts may prove to be a make-or-break moment.
Steven Summer, CHA's CEO, says the cuts puts the hospitals in jeopardy of shutting down and he urges a legislative fix to avoid most of the proposed cuts.
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