Connecticut lawmakers promise help as hospitals struggle NBC Connecticut [Video]

Lawmakers say they want to help Connecticut’s struggling hospitals this upcoming session – something that was a priority even before Prospect Medical Holdings filed for bankruptcy.

In the wake of that filing, though, lawmakers now also want additional regulations around private equity firms that own hospitals.

“First and foremost, we need to make sure that private equity keeps their greedy hands away from healthcare,” Sen. Saud Anwar (D-South Windsor) said.

Aside from Prospect’s woes, the Connecticut Hospital Association said the industry needs help in Connecticut.

A report from the CHA, released last month, found the state’s 27 acute care hospitals operated at a loss of $76 million in 2023, or 0.5% of their revenues.

“Our hospitals overall in Connecticut are still operating at a negative margin,” CHA Vice President of Policy Paul Kidwell said, adding that deficit was an improvement from 2022.

The report found expenses for the hospitals rose by a combined $1 billion.

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