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.
Federal officials have reportedly confirmed that they are cutting off a major portion of funding for New York’s Essential Plan, opening a roughly $1 billion hole in the state budget and raising new doubts about the future of a rapidly growing health insurance option for the working poor.
If President Trump follows through on a threat to halt Obamacare’s “cost-sharing reduction” program, New York has more to lose than almost any other state.
The U.S. Senate GOP’s health bill, though pitched as more moderate than the House plan, would be harder on New York in at least one respect.
The House Republicans’ American Health Care Act would jeopardize coverage for hundreds of thousands of New Yorkers and cost the state government billions of dollars. On the whole, however, it’s far less disruptive than previous GOP alternatives to Obamacare.
Moving to a $15 minimum wage will cost New York’s Medicaid system more than double what was previously forecast, state budget officials revealed this week