In early June, the federal Bureau of Economic Analysis (BEA) revised national 2015Q1 GDP estimates, including, unfortunately, strong downward revisions for Connecticut Real Gross State Product(RGSP), wiping out the strong growth reported in CCEA’s previous Outlook.
As the state legislature prepares to vote on its next budget, CCEA is most concerned for a double negative impact to hospitals: increased state taxes with parallel reduction in direct support, with its proportional reduction in mathing federal reimbursements, as well as several other issues.