The new state budget features a larger-than-usual increase in Medicaid spending and two new coverage mandates for private insurers – adding to the already steep costs of health care for New York's taxpayers and policyholders.
The Affordable Care Act “has been a multibillion dollar source of money for the New York health care industry,” Hammond said.
A recent analysis by the Empire Center shows most Central New York hospitals saw big increases in Medicaid revenues after the Affordable Care Act allowed the state to expand Medicaid eligibility.
Obamacare enrollment is rising in New York – an exception to the national trend – but not by as much as state officials are implying.
If the entire Affordable Care Act were struck down as unconstitutional – as a federal judge ruled on Friday – the consequences for New York's health-care system, and the state budget, would be significant. Assuming the decision is upheld on appeal (which many experts doubt), and assuming Congress does not intervene, the state would lose almost $8 billion in federal aid that subsidizes coverage for more than 4 million residents.
New York's hospitals have made seeming progress on reducing avoidable readmissions, but the state's performance on this key quality indicator remains among the worst in the country, new federal data show.
Claims about an "age tax" in the House GOP's health care overhaul are particularly misleading in the context of New York's insurance market.
The state's Essential Plan has amassed a nine-figure surplus due to unexpectedly generous federal funding, records from the Office of the State Comptroller show.
The Trump administration’s move this week to suspend the Affordable Care Act’s “risk adjustment” program leaves more than $300 million in payments to and from New York’s health plans in limbo and further destabilizes the state’s ACA market.