UVM Hospital Faces Another Budget Rejection | Montpelier News

Regulators have once again rejected UVM Health’s budget, marking the second straight year of disapproval as the hospital braces for another $75 million loss next year — on top of a projected $75 million shortfall this fiscal year. Despite submitting a $2.5 billion plan that already accounted for a $43 million deficit, new leadership under Stephen Leffler warns that volatile stock markets could threaten their $1.5 billion in reserves. Since last year’s $88 million cut, UVM Health has slashed executive roles, laid off 76 staff, and adopted aggressive cost-cutting measures amid state drug pricing caps and lower insurer reimbursements. While board chair Owen Foster hinted at needing more flexibility, other members insisted the system remains financially strong — leading to a vote requiring UVMMC to slash commercial prices by 4.4%. Meanwhile, Brattleboro Memorial Hospital received level funding after choosing to keep its birth center open, with the new budget year kicking off October 1. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Sources: https://www.vermontpublic.org/local-news/2026-09-14/in-split-vote-regulators-again-cut-into-uvmmcs-budget More coverage & latest updates: https://sources.thednn.ai/68f7a781f5363240 Report issues to [email protected].