EMS service in Connecticut May Use Lease Sale-Back Scheme
- Oct 28, 2008
New Britain EMS got a unanimous OK from the common council recently to let it sell its assets to the city. It will then lease them back, according to a report in the Hartford Courant. EMS in New Britain has been hit hard in recent years, as have other such emergency medical service providers nationwide. The New Britain provider has been buffeted by expenses and low-ball Federal payments that don’t cover true costs of many of its services.Three years ago the city loaned $2.1 million to the EMS. The heart of the trouble, according to lawmakers is that the Federal reimbursement for Medicare and Medicaid just doesn’t cover costs.