In an effort to slash its liabilities, Stockton is notifying its employees that their retiree health insurance coverage is about to be cancelled. And, Nicole says, this is no coincidence
Under ObamaCare, the promise ran, if you have coverage you like, you’ll be able to keep it. That turned out, of course, to be untrue. Now everyone from businesses to unions is scrambling to find a survival strategy before the law’s implementation come January.
New Yorkers will be hit with $1.7 billion in new federal taxes on private health insurance under the Affordable Care Act in 2014, the Conference of Blue Cross and Blue Shields estimates in this new report.
Governor Cuomo’s office has issued a press release boasting that the state Department of Financial Services has turned down $500 million in proposed private health insurance premium increases. But here’s the thing: New York State is also imposing more than $4 billion a year in taxes and assessments on private health insurance, mainly to subsidize Medicaid and other public insurance programs through the Health Care Reform Act (HCRA) budget.
For a second time, Governor Cuomo has vetoed a bill that would require the state to reimburse New York City for retiree health benefits paid to former employees of the bankrupt New York City Off-Track Betting Corp. (OTB). That’s good. Unfortunately, once again, he has left the door open to signing the bill in the future. And that’s troubling.
New York’s Medicaid program is now testing, on a small and limited scale, giving people financial incentives and requiring compliance in changing their behavior. The approach has promise — if done right; it’s important to keep in mind the lessons of welfare reform.
New York has the nation's largest Medicaid program, serving over 5 million enrollees at a cost of $54 billion annually. But a small percentage of Medicaid patients, with chronic medical and behavioral health diseases account for a disproportionate share of the program's total spending. "Taking Ownership: The Patient's role in Medicaid" profiles some reforms largely overlooked in the state's redesign, healthcare experts from around the state participated in a panel discussion hosted by the Empire Center.
New York State can save money and improve health outcomes in its $54 billion Medicaid program by giving patients more incentive to “take ownership” of their own healthcare, according to a new report released today by the Empire Center for Public Policy.