Economic Benefits

Connecticut hospitals contributed $12.2 billion in 2006 to the state and local economies - about 6% of the Gross State Product. They spend $7.1 billion each year on staff salaries, the purchase of medical supplies and food, as well as facility construction. These dollars in turn create a “ripple effect” of another $5.1 billion as they move through the larger economy, generating additional jobs and spending in our communities.

 

During the three year period of 2004 through 2006, the value of Connecticut hospitals’ contributions to the state’s economy increased by 24% - from $9.8 billion in 2004 to $12.2 billion in 2006. Click here to read the full CHA report, Connecticut Hospitals: Major Contributors to the Financial Health of Communities.