State regulators have approved plans for the parent company of St. Francis Hospital and Medical Center in Hartford to acquire the financially struggling Johnson Memorial Medical Center.
Johnson Memorial Hospital
Posted inHealth
Hospitals could face larger cut
The governor cut $192 million in Medicaid funding for hospitals last month, but the actual hit to hospitals could end up being 25 percent higher. The state is holding back additional payments that weren’t part of the cost-saving measure, and the governor’s budget office said decisions about whether to pay them will be “based on whether we have enough money to keep the budget in balance.”