Scott administration pitches $375M hospital stabilization plan

MONTPELIER, Vt. (WCAX) Vermont hospitals were struggling before the pandemic but now their budgets are being stretched even tighter.

Now, Gov. Phil Scott is pitching a $375 million plan to stabilize the industry.

The hospital system estimates at least $300 million is needed to offset business disruption and increased expenses between March and December.

The Agency of Human Services has already paid out $42 million for needs including retainer payments for Medicaid providers, hazard pay, payments to hospitals and financial relief to nursing homes, among others.

An estimated $333 million has yet to allocated.

Click here for the full details of the proposal.