As the legislature looks to rein in medical expenses, state Senate leaders blamed hospital consolidations and the purchase of physician practices for ballooning costs and an increasing threat to physicians who may want to remain independent.
State Senate Pro Tem Martin Looney, D-New Haven, and state Senate Minority Leader Len Fasano, R-North Haven, have tag-teamed on a large number of bills aimed at making costs more transparent to consumers and fairer to lower-cost hospitals.
The pair testified Wednesday before the Public Health Committee where they showed that the Yale New Haven Health System had revenues of $243 million in excess of expenses in 2013, which was 40.7 percent of all hospital profits that year.
The second largest system, Hartford Health System, had excess revenues in 2013, according to data filed with the Office of Health Care Access, of $98.5 million, or 16.5 percent of all profits.
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