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Study commissioned by hospitals shows benefits of changing tax structure

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(Click to enlarge)

HARTFORD, Conn. – Researchers at the Connecticut Center for Economic Analysis found that the state could benefit to the tune of $30 million per year if it didn’t tax hospitals.

The study was commissioned by the Connecticut Hospital Association and is just the latest in the public relations and possibly legal battle brewing between the state of Connecticut and its 27 acute care hospitals.

The state currently taxes hospitals $556 million per year. The idea of the tax, which was reinstituted in 2012, was to increase the amount of federal matching funds the state would receive and then redistribute to hospitals. However, the state has decided to keep more of the money from the tax as it’s struggled to balance its budget.

See the complete story at CT News Junkie.

 

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