Last year’s staggering 19% increase in commercial health insurance rates remains top of mind for businesses as affordability priorities are debated in Montpelier. These rising costs have compounded challenges for employers already struggling to absorb double-digit increases in property taxes, the payroll tax, and a variety of new regulations from the past year.

Following Governor Scott’s budget address, Speaker Jill Krowinski emphasized healthcare as a critical factor in the affordability conversation that requires action this year. This week, a new coalition, VHC911, emerged, calling on the legislature and administration to address healthcare reform. At a press conference, the group highlighted Vermont’s commercial insurance costs compared to neighboring states but did not propose specific policy solutions. If the current state of housing and education finance has made anything clear, it’s that inaction on growing issues can lead to dire consequences.

As the House Health Care Committee and Senate Health and Welfare Committee explore solutions, several opportunities for progress remain. Legislators, administration officials, and healthcare leaders must collaborate to develop a balanced reform plan. Additionally, bold and innovative workforce solutions are needed to address the demographic and labor shortages affecting not only healthcare but all industries in Vermont.

As discussions continue, the Vermont Chamber will advocate for solutions that balance affordability, access, and sustainability in Vermont’s healthcare system.