Vermont
BlueCross BlueShield of Vermont in financial crisis
BlueCross BlueShield of Vermont − the largest health insurer in Vermont with a 66% market share − is threatened with insolvency because of its declining reserves, according to a state regulator.
Kevin Gaffney, commissioner of the Vermont Department of Financial Regulation, said Friday he’s confident BCBSVT will remain solvent, which is his department’s responsibility to ensure.
“As solvency regulator, our primary role is protecting the market,” Gaffney said. “We have to have a place for people to purchase insurance or we haven’t done a good job of protecting Vermont residents.”
Gaffney said Vermont’s largest health insurer is at a critical juncture.
“BlueCross BlueShield of Vermont is a big tanker,” he said. “We have to start to turn it. We can do that and there are steps to do it.”
While Vermont has not had a major insurance company fail, according to Gaffney, he said the example of Florida offers a cautionary tale where losses from natural disasters have caused insolvencies in property insurance companies and have triggered other insurance companies to exit the market.
“We have sufficient rigor in our solvency process to avoid these things,” Gaffney said. “DFR is taking those actions in a timely and I think in an appropriate manner.”
Gaffney is requiring BCBSVT to file a plan with DFR by early September, showing how they’re going to “bolster their reserves and improve their solvency.” The key element of that plan, articulated in a “solvency letter” Gaffney sent to Owen Foster, chair of the Green Mountain Care Board, on July 12, is an additional 4% increase by BCBSVT in contributions to its reserve fund.
The Green Mountain Care Board is an independent oversight board created by the Vermont Legislature to regulate major areas of the health care system in the state, including health insurance premiums. The Care Board would have to approve the increased contributions to BCBSVT’s reserve fund.
‘A Fragile Financial Situation’
Don George, president and chief executive officer of BCBSVT, sent an open letter via email on Monday, July 22, titled, “A Fragile Financial Situation.” In the letter, George said the insurer is in the “unprecedented position” of being forced to file an amended request to the Green Mountain Care Board for an additional 4% increase to contributions to its reserve fund, which comes from premiums paid by policy holders. The reserve fund is used to cover unexpected levels of claims, which the insurer has experienced in the past few months.
“Since May, health care claims have increased dramatically, and our member reserve levels have declined precipitously,” George said. “This is in addition to underwriting losses in five of the last six years, leaving us without the means to weather this downturn with existing member reserves. The cumulative impact of underfunded premiums − despite our consistent advocacy for rates that fully fund the cost of our members’ health care − has created this fragile financial situation.”
Sara Teachout, director of government and media relations for BCBSVT, explained that underwriting losses occur when the company is unable to cover the total amount of member claims plus administrative costs. She said administrative costs for BCBSVT are “quite low,” when compared to its peers nationally, but the insurer is still making administrative cuts by not advertising and by restricting new hiring.
“The only year we did not have a loss was 2020, the year of COVID, when people were not going to the hospital,” Teachout said.
BlueCross BlueShield VT asks for an additional $20 million for its reserve fund
The original request for contributions to the reserve fund, filed in May, asked for a 3% increase, which equates to $15 million. The amended request for a 7% increase equates to $35 million, or more than double the original request, according to Teachout.
“Blue Cross VT has advocated for adequate funding of member reserves consistently over time, while our requests were cut year over year,” George said in an email to the Burlington Free Press. “Now with member reserves dangerously depleted, we are forced to increase the rates substantially to cover the deficit.”
Owen Foster, chair of the Care Board, declined to comment for this story because the hearings for BCBSVT’s rate filings are ongoing.
Making sure BlueCross BlueShield VT remains solvent
Gaffney said the reserve fund is “critical” to maintaining BCBSVT’s solvency. He said the health of the reserve fund can be expressed as a percentage − called a risk-based capital ratio range − reached through complex calculations that reflect BCBSVT’s investment risk, but basically the percentage equates to an amount of money that accounts for “volatility.”
“The (DFR) did an order back in 2019 for Blue Cross Blue Shield of Vermont to maintain a risk-based capital ratio range between 590% and 745%,” Gaffney said. “If you can stay in that range you can withstand volatility and not be at risk (of insolvency).”
At the end of 2023, BCBSVT’s risk-based capital ratio range was 337%, far below the required range. Gaffney said in six of the last 10 years, the insurer’s contribution to its reserve “was a negative because of other adjustments to rate filings.” Rates are regulated by the Green Mountain Care Board.
“It is as dire as it sounds,” Gaffney said.
Reserve fund continues to drop this year
BCBSVT’s reserve fund balance has declined by $47 million over the past two years, not including this year’s results, according to Gaffney. The insurer had about $88 million in reserves at the end of 2023, and that number has continued to decline through 2024. Teachout was unable to provide the current balance of the reserve fund.
“We do know the 2023 number was only adequate to cover just under two months of our members’ claims, which is extremely low,” Teachout said. “We should roughly double where we are. Our balance should have been close to $180 million at the end of 2023.”
‘We have to have a place for people to purchase insurance’
The overall context for the discussion of BCBSVT’s solvency is a crisis of health care affordability for Vermonters, both in terms of hospital costs and premiums. Gaffney said he’s not unsympathetic to the affordability issue, but that he has a larger responsibility as commissioner of DFR, and BCBSVT’s solvency regulator.
Gaffney said he also understands that “often it’s felt that these increases are to just bolster profits for insurance companies.”
“That’s not the case now,” he said. “It’s going to take some time to get back into the range of 590% to 745%.”
Vermonters’ declining health is a big, and expensive, problem
George points to the declining health of Vermonters as a key factor in BCBSVT’s financial crisis, in addition to rising hospital costs. He said health care organizations nationwide are experiencing “extraordinary cost pressures,” as a result of “massive increases in the need for medical and pharmaceutical care.”
“As many of you may have experienced in your own lives, we are faced with these same pressures here in Vermont,” George said. “Furthermore, our data shows the continuing impact of the pandemic and an alarming decline in the overall health status for many of our members. These issues are colliding with a decade of state policy decisions to cut deeply into health insurer reserves and premiums in the name of affordability, creating the urgent situation that we are faced with today.”
Not only are there more claims, but there are bigger claims from more acute medical conditions, Gaffney said.
“The takeaway is the price of insurance is a reflection of costs, not a choice the company makes,” he said. “The company runs on narrow margins.”
Contact Dan D’Ambrosio at 660-1841 or ddambrosio@freepressmedia.com. Follow him on Twitter @DanDambrosioVT.
Vermont
VT Lottery Mega Millions, Gimme 5 results for March 27, 2026
Powerball, Mega Millions jackpots: What to know in case you win
Here’s what to know in case you win the Powerball or Mega Millions jackpot.
Just the FAQs, USA TODAY
The Vermont Lottery offers several draw games for those willing to make a bet to win big.
Those who want to play can enter the MegaBucks and Lucky for Life games as well as the national Powerball and Mega Millions games. Vermont also partners with New Hampshire and Maine for the Tri-State Lottery, which includes the Mega Bucks, Gimme 5 as well as the Pick 3 and Pick 4.
Drawings are held at regular days and times, check the end of this story to see the schedule.
Here’s a look at March 27, 2026, results for each game:
Winning Vermont Mega Millions numbers from March 27 drawing
13-27-28-41-62, Mega Ball: 16
Check Vermont Mega Millions payouts and previous drawings here.
Winning Gimme 5 numbers from March 27 drawing
05-10-18-38-39
Check Gimme 5 payouts and previous drawings here.
Winning Pick 3 numbers from March 27 drawing
Day: 0-0-8
Evening: 7-6-3
Check Pick 3 payouts and previous drawings here.
Winning Pick 4 numbers from March 27 drawing
Day: 3-5-4-1
Evening: 9-5-7-6
Check Pick 4 payouts and previous drawings here.
Winning Millionaire for Life numbers from March 27 drawing
06-09-28-33-46, Bonus: 04
Check Millionaire for Life payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
Are you a winner? Here’s how to claim your lottery prize
For Vermont Lottery prizes up to $499, winners can claim their prize at any authorized Vermont Lottery retailer or at the Vermont Lottery Headquarters by presenting the signed winning ticket for validation. Prizes between $500 and $5,000 can be claimed at any M&T Bank location in Vermont during the Vermont Lottery Office’s business hours, which are 8a.m.-4p.m. Monday through Friday, except state holidays.
For prizes over $5,000, claims must be made in person at the Vermont Lottery headquarters. In addition to signing your ticket, you will need to bring a government-issued photo ID, and a completed claim form.
All prize claims must be submitted within one year of the drawing date. For more information on prize claims or to download a Vermont Lottery Claim Form, visit the Vermont Lottery’s FAQ page or contact their customer service line at (802) 479-5686.
Vermont Lottery Headquarters
1311 US Route 302, Suite 100
Barre, VT
05641
When are the Vermont Lottery drawings held?
- Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
- Mega Millions: 11 p.m. Tuesday and Friday.
- Gimme 5: 6:55 p.m. Monday through Friday.
- Lucky for Life: 10:38 p.m. daily.
- Pick 3 Day: 1:10 p.m. daily.
- Pick 4 Day: 1:10 p.m. daily.
- Pick 3 Evening: 6:55 p.m. daily.
- Pick 4 Evening: 6:55 p.m. daily.
- Megabucks: 7:59 p.m. Monday, Wednesday and Saturday.
- Millionaire for Life: 11:15 p.m. daily
What is Vermont Lottery Second Chance?
Vermont’s 2nd Chance lottery lets players enter eligible non-winning instant scratch tickets into a drawing to win cash and/or other prizes. Players must register through the state’s official Lottery website or app. The drawings are held quarterly or are part of an additional promotion, and are done at Pollard Banknote Limited in Winnipeg, MB, Canada.
This results page was generated automatically using information from TinBu and a template written and reviewed by a Vermont editor. You can send feedback using this form.
Vermont
Capitol Recap: Act 181 debate pokes at the heart of Vermont’s rural-urban dynamics
This story, by Report for America corps member Carly Berlin, was produced through a partnership between VTDigger and Vermont Public.
The Vermont Senate passed a bill on Thursday that will delay the implementation of Act 181, a contentious 2024 law that overhauled the state’s land use permitting system.
But that vote followed several rounds of heated debate over rolling back or further postponing land conservation measures, fueled by a Tuesday protest attended by hundreds of rural landowners who called on lawmakers to repeal the law altogether.
The sparring over Act 181 has surfaced a rural-urban divide at the Statehouse. Rural conservatives argue that the law’s benefits flow only to Vermont’s larger cities and towns, and that its conservation rules place an undue burden on private property owners. Democrats have defended the law’s goals to both boost housing in downtowns and villages and increase environmental protections elsewhere, though they’ve heeded calls to pump the brakes.
Details: Vermont is overhauling Act 250. Here’s what the development maps look like so far
On the Senate floor, Republicans contended that new development regulations set forth in Act 181, which bolster protections over sensitive ecosystems, effectively undermine personal property rights. Sen. Steve Heffernan, R-Addison, framed the issue around affordability — wealthy second home-owners can afford more land-use permits, he said, but regular Vermonters can’t.
“We must ask ourselves … are we protecting Vermont’s lands, or pricing Vermonters out of it?” Heffernan said.
Brian Stevenson
/
Vermont Public
Democrats, who control the chamber, countered that the new rules are critical for preserving Vermont’s landscape for the good of the broader community.
“Future generations may not have the same ecosystems that we have access to because of development,” said Sen. Becca White, D-Windsor.
The bill in question, S.325, is a set of tweaks to Act 181, which the Legislature passed over Republican Gov. Phil Scott’s objections two years ago.
Act 181 aimed to encourage more homebuilding in already-developed areas of Vermont by removing state level review under Act 250, Vermont’s signature land use law. At the same time, the law beefed up protections for to-be-determined critical natural resources.
The 2024 law mandated a first-of-its-kind mapping effort that will essentially dictate where future development will be subject to Act 250 scrutiny, and where it won’t be, through a tiered land-use classification system.
That mapping process is still underway, and the board overseeing it has asked for more time to complete its work — in part because of feedback from municipal officials and rural residents who objected to early drafts.
S.325 would postpone the implementation of many pieces of Act 181. It would extend temporary housing exemptions, delay the start of a new “road rule” that would require a permit for private road construction over a certain length in much of the state until 2030 and pushes out the beginning of new “Tier 3” rules. These rules would heighten scrutiny over building near headwater streams, habitat connectors and rare natural communities.
Brian Stevenson
/
Vermont Public
The fate of Tier 3 garnered the most attention on the Senate floor. Republicans backed an amendment on Wednesday to scrap the tier entirely.
Sen. Russ Ingalls, R-Essex, a cosponsor of the amendment and an organizer of Tuesday’s rally, argued that the entirety of his Northeast Kingdom district would fall into the tier and suggested that a majority of Vermonters currently live in Tier 3 areas.
“We should be able to live like the rest of Vermont does, and not be restricted,” Ingalls said.
Yet the bounds of Tier 3 have not yet been set, and the Land Use Review Board, which is creating its boundaries, has said the tier will only make up a small portion of land in Vermont. The board is also looking to limit what kinds of construction would trigger the need for an Act 250 permit in these zones.
“It may be that a single house, for instance, depending on where it is, doesn’t even matter. It won’t be counted,” said Sen. Seth Bongartz, D-Bennington, one of the architects of Act 181 when he served in the House.
The amendment to roll back Tier 3 ultimately failed in a party-line vote on Wednesday. A separate amendment to further delay its implementation failed on Thursday. Another Republican-backed amendment that was adopted eases state regulations for housing in rural areas that lack local zoning.
“We absolutely hear the concerns from different corners of the state of Vermont and we take those seriously.”
House Speaker Jill Krowinski, D-Burlington
Scott, Act 181’s longest-standing detractor, vetoed the legislation in 2024, arguing that it was a “conservation bill” that did little to boost housing growth in rural areas. The governor said at a Thursday press conference that he thinks the bill to delay its implementation is “moving in the right direction, but we need more.”
Scott was pleased to see protesters this week heeding his message.
“I’ve said this before: this hurts rural Vermont. And now they’re just waking up to the fact that, yes, indeed, it will,” Scott said.
The bill now heads to the House. House Speaker Jill Krowinski, D-Burlington, said she sees the need to delay Act 181 — and that she hears the upswell of pushback against the law from beyond the Statehouse.
“We absolutely hear the concerns from different corners of the state of Vermont and we take those seriously,” Krowinski said.
Brian Stevenson
/
Vermont Public
S.325 will land in the House environment committee, helmed by Rep. Amy Sheldon, D-Middlebury, one of Act 181’s initial drafters. Sheldon understands the rationale to postpone pieces of its implementation, she said in a Wednesday interview. But she is not open to rolling back elements of the 2024 law.
Sheldon believes that some of the arguments raised by opponents of the law are overstated and misguided. She still stands by the core aims of the law, she said, gesturing toward Vermont’s state motto.
“We’re balancing freedom and unity, right? That’s what we do,” Sheldon said.
Vermont
46 anti-Trump No Kings protests planned in Vermont. How to go
Vermonters protest against deportations, stand in solidarity with LA
Vermonters marched up Church Street in solidarity of Los Angeles protestors and against the federal government’s immigration policies June 10.
Large scale anti-Trump protests are coming to Vermont for a third time, with at least 46 No Kings protests planned across the state for March 28.
This round of No Kings protests might be the biggest so far: organizers anticipate it’ll be “one of the largest single-day nonviolent nationwide protests in U.S. history,” with more than 3,000 events already planned across the country on March 28.
“As President Trump escalates his attempts to control us, it is on us, the people, to show that we will fight to protect one another and our country,” the “No Kings” website says. “If he believes we will roll over and allow him to take our freedoms, he is mistaken. We are coming together again on March 28 because we know we can overcome this repression when we unite.”
In Vermont, protests are being held in all corners of the state, from Bennington to Newport. There are about six protests listed in Burlington, including a march to City Hall, a New North End Honk and Wave and a rally at the intersection of Shelburne Rd and Hannaford Drive.
Here’s what to know ahead of the protests.
What are ‘No Kings’ protests and what does it mean?
In June 2025, large crowds of Vermont residents took part in the first round of “No Kings Day” protests, planned the same day as the U.S. Army’s 250th anniversary celebration and the president’s birthday.
Another wave of nationwide “No Kings” protests came several months later in October, in which over seven million Americans joined events in all 50 states, according to the organization. In Burlington, thousands of protesters brought homemade signs protesting Trump, dressed in colorful inflatable costumes, played music and chanted.
Organizers behind the No Kings protests say that it is a “peaceful movement” to push back on President Donald Trump’s policies, including on immigration, foreign policy and the economy.
“With every ICE raid, every escalation abroad, and every abuse of power at home, Americans are rising up in opposition to Trump’s attempt to rule through fear and force. Each day Trump crosses a new red line, and more people are deciding they’ve had enough,” said Ezra Levin, co-executive director of Indivisible, one of the many organizations backing the mass protests.
Others include American Civil Liberties Union, the Human Rights Campaign, MoveOn and 50501.
No Kings protests near me: See events, rallies in Vermont
As of 2 p.m. on March 26, there were 46 No Kings events planned in Rhode Island for March 28. Some towns and cities are holding multiple events.
Here’s a list of events in Burlington:
- Burlington New North End Honk and Wave: 11a.m. – 12:30 p.m., 1127 North Ave, Burlington
- “Invite your friends and neighbors and meet up at 11 a.m. at 1127 North Avenue along the sidewalks at the entrances of the Ethan Allen Shopping Plaza (home to Hannaford Supermarket and many other shops). Bring your signs, banners, noise makers, and American flags,” the listing reads. “This joyous, non-violent honk and wave action will wrap up at 12:30 p.m. Following the Honk and Wave, participants are welcome to proceed to City Hall Park to join the conclusion of the North End and South End marches.”
- Patchen Road Overpass: 11 a.m. – 1 p.m., Patchen Road & Landfill Road, South Burlington
- “We’ll be unfurling our huge NO KINGS banners on the overpass as 4,000 – 5,000 vehicles per hours pass below on Interstate 89. Bring a sign, bring an American flag, and bring a friend,” reads the listing. It says to register and to follow the guidance of safety marshals, and encourages attendees to carpool as “parking is tight.”
- Burlington South End March: 11 a.m. – 1:30 p.m., Calahan Park, 45 Locust St, Burlington
- “We’ll be marching from Calahan Park to City Hall Park,” says the event description. “If you don’t want to march or are unable please join us at City Hall park at 12:30 p.m. for singing, chanting and more.”
- South Burlington: 11 a.m. – 12:30 p.m., Intersection of Shelburne Rd and Hannaford Dr in South Burlington, 1001 Shelburne Rd, South Burlington, VT
- “Join Champlain Valley Indivisible at the intersection of Shelburne Rd and Hannaford Drive in South Burlington to stand up and speak out against this administration’s unjust and cruel acts of violence,” the event listing says, adding that those interested should register.
- Burlington March to City Hall: 11:30 a.m. – 12:30 p.m., 1 S Prospect St., Burlington
- Burlington Old North End March: 11 a.m. – 1:30 p.m., Roosevelt Park, 57 Oak St., Burlington
- “We’ll be marching from Roosevelt park to City Hall Park,” the listing says. “If you don’t want to march or are unable please join us at City Hall park at 12:30 p.m. for singing, chanting and more.”
Here’s a list of all the towns in Vermont holding protests so far, plus when, where and other helpful information listed on the event pages or provided in press releases:
- Bellow Falls
- Bennington
- Bradford
- Brandon
- Brattleboro
- Burlington
- Charlotte
- Chester
- Essex Junction
- Fair Haven
- Fairfax
- Hardwick
- Hartford
- Huntington
- Jericho
- Manchester
- Middlebury
- Milton
- Milton
- Montpelier
- Morrisville
- Newbury
- Newport
- Northfield
- Randolph
- Randolph
- Richmond
- Rutland
- Saint Johnsbury
- Shelburne
- South Burlington
- South Burlington
- St. Albans
- Wallingford
- Waterbury
- Westfield
- Williston
- Wilmington
- Windsor
- Winooski
- Wolcott
- Woodstock
More events may be planned. You can check the map on the No Kings website to see if your town is holding a protest.
What time are No Kings events?
“No Kings” protests in Vermont start at various times on March 28, with some events planned at 10 a.m. and others planned throughout the afternoon, according to the online map of events.
Contributing: Paris Barraza
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