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Steve Michaud, longtime president of the Maine Hospital Association, says the fact that hospitals are losing money is not what concerns him: "What we're not used to is how much they're losing." Steve Osemwenkhae/Federal Reserve Bank of Boston
The precarious state of Maine's health care system is the result of a "pandemic hangover," according to Maine Hospital Association President Steve Michaud. He says pandemic-era increases in demand and cost of labor combined with inflation to ratchet up the pressure. Steve Osemwenkhae/Federal Reserve Bank of Boston