Existing state regulations, along with competitive pressures, assure that health insurers will share much if not all of the benefit of federal tax cuts with their policyholders. Rather than trying to grab the money or dictate how it's spent, lawmakers should let market forces do their work.
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.
New York’s Obamacare program reached a new high, with more than 4.3 million people signing up for healthcare coverage, state officials announced Thursday. The 2018 totals marked an increase of about 700,000 people from a year ago, officials said.
Facing a multibillion-dollar gap in state finances, Governor Cuomo has turned to one of Albany’s favorite piggy banks: the health care industry.
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.
The demise of the Affordable Care Act’s “individual mandate” – which is due to be repealed as part of the GOP tax overhaul – may be less consequential in New York than in most other states.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.
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.