Sen. Kirsten Gillibrand has apparently doubled the price tag of her Medicare buy-in proposal, from 4 percent of income to 8 percent – but the math still does not add up.
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.
In a "Groundhog Day"-like replay of tactics from last year, health-care interests are again using an unlikely threat of spending cuts in Washington to demand special treatment in the upcoming state budget.
The question now is whether the governor and the Legislature will play along with the movie for a second time in a row – and whether it will have the same ugly ending.
New York’s hospitals are in the throes of two seemingly contradictory trends. Their collective revenues are showing strong growth, yet more and more of them are chronically operating in the red.
Governor Cuomo is now backing away from Medicaid spending cuts he pushed less than four weeks ago, his second about-face on health-care funding so far this year. Even more head-spinning is his stated rationale: the supposed threat to federal aid outlined in President Trump's budget proposal this week.
Bill Hammond, Director of Health Policy at the Empire Center, crunched the numbers in response to Governor Cuomo's budget amendments which left the healthcare industry concerned....