Here’s another health care cut that Albany can stop worrying about: Despite losing $1 billion in federal funding, the state’s Essential Plan is actually expected to run a hefty surplus—which the Cuomo administration is using to plug budget holes.
The past year has been a roller-coaster for New York’s health-care system, as Congress tried repeatedly to scale back Medicaid and dismantle the Affordable Care Act while allowing other health-related programs to lapse. Because New York depends so heavily on federal health dollars, it had more to lose than almost any other state.
Sign-ups for both government-sponsored and private health coverage through the New York State of Health insurance exchange surged during this year’s open-enrollment period, a sign of continued consumer demand in the face of political turmoil and rising premiums.
After many dire warnings about cuts to health care in Washington, it’s worth noting that federal funding for the state’s massive Medicaid program is still on track to go up, not down, in the year ahead.
Governor Cuomo’s budget makes no major change in the Essential Plan—a low-cost state-sponsored health plan—despite the loss of almost $1 billion in federal aid.
Here’s something you don’t see every day: a report about Medicaid in which New York’s costs are substantially lower than the national average.
The demise of the Affordable Care Act’s “individual mandate” – which is due to be repealed as part of the GOP tax overhaul – may be less consequential in New York than in most other states.
For all the taxes that Congress is aiming to cut, one has surprisingly dodged the ax so far: the $14.3 billion “Health Insurance Tax,” or HIT.