WA hospitals push for veto of lower state insurance reimbursements
The bill is designed to reduce health care costs for the state. But the
"Just because [the state is] paying less doesn't mean it costs less to provide the care," said
Reducing payments to hospitals for state and school employees would likely increase the cost of care for others because hospitals would negotiate with other insurers to make up the difference, according to the hospital association. If those negotiations aren't successful, hospitals could look at reducing jobs or services.
Supporters of the policy argue that health care is unaffordable and that this bill would help reduce out-of-pocket costs for patients. They also say that hospitals could lower executive pay before turning to layoffs and service reductions.
Independent rural hospitals would be exempt under the bill. In
Since the COVID-19 pandemic, health care systems were "completely upended," said
Hospitals would also be subject to higher business and occupation tax rates that the Legislature approved, which would be around
An amendment to have hospitals exempted from the tax hike after 2027 was unsuccessful.



UnitedHealth Group stock drops as CEO Witty abruptly resigns and company suspends financial outlook
UnitedHealth Group CEO Andrew Witty stepping down due to 'personal reasons'
Advisor News
- The best way to use a tax refund? Create a holistic plan
- CFP Board appoints K. Dane Snowden as CEO
- TIAA unveils ‘policy roadmap’ to boost retirement readiness
- 2026 may bring higher volatility, slower GDP growth, experts say
- Why affluent clients underuse advisor services and how to close the gap
More Advisor NewsAnnuity News
- Sammons Institutional Group® Launches Summit LadderedSM
- Protective Expands Life & Annuity Distribution with Alfa Insurance
- Annuities: A key tool in battling inflation
- Pinnacle Financial Services Launches New Agent Website, Elevating the Digital Experience for Independent Agents Nationwide
- Insurer Offers First Fixed Indexed Annuity with Bitcoin
More Annuity NewsHealth/Employee Benefits News
- UnitedHealth Group shares fall nearly 20% as company forecasts lower sales this year
- Progress on nurses' strike as Mt. Sinai, NYP agree to keep health plans
- Nevada health insurance marketplace enrollment dips nearly 6% but 'remained fairly steady'
- AM Best Assigns Credit Ratings to CareSource Reinsurance LLC
- IOWA REPUBLICANS GET WHAT THEY VOTED FOR: HIGHER HEALTH INSURANCE PRICES, FEWER PEOPLE INSURED
More Health/Employee Benefits NewsLife Insurance News