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Vermont Towns Face Budget Hikes Amid Soaring Health Costs

1/17/2025

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Summary

Story summary

Vermont towns are experiencing budget increases for FY 2026: Essex (6%), Newport (8.9%), and Morristown (4.4%), driven by a 32% surge in health insurance costs.
BlueCross BlueShield of Vermont reported a $100 million loss over six years, leading to nearly 20% premium hikes for individuals and 23% for small businesses.
High hospital costs in Vermont contribute to rising health care expenses and unsustainable insurance premiums.

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Story summary

Vermont towns are experiencing budget increases for FY 2026: Essex (6%), Newport (8.9%), and Morristown (4.4%), driven by a 32% surge in health insurance costs.
BlueCross BlueShield of Vermont reported a $100 million loss over six years, leading to nearly 20% premium hikes for individuals and 23% for small businesses.
High hospital costs in Vermont contribute to rising health care expenses and unsustainable insurance premiums.