Cuomo policies discourage employers by E.J. McMahon |  | Ithaca Journal

The recent announcement that Dick’s Sporting Goods will build a 650,000-square-foot distribution center in Binghamton has been cited by Gov. Andrew Cuomo as further evidence of an economic resurgence in the region.

“Five years ago, we had a 7.9 percent unemployment rate in the Southern Tier,” Cuomo said. “Today, 4.6 percent. The arrows are headed in the right direction.”

In fact, as shown in the state Labor Department’s household survey data, the unemployment rate dropped only because fewer residents of the region are available and looking for work. If the labor force were still at its 2010 level, the unemployment rate would be 13 percent. [Read_more]

Health insurance in New York has an Essential problem by Bill Hammond |  | City & State /

The latest Affordable Care Act enrollment figures for New York reveal a troubling trend: Free and nearly free government-funded programs are crowding out private-sector plans in the state’s health insurance marketplace. [Read_more]

N.Y.’s preposterous single-payer fantasy by Bill Hammond |  | New York Daily News

Proponents of a single-payer health plan for New York pitch it as a cure-all — one fix that would achieve universal coverage, let people to go to any doctor or hospital, abolish copays and deductibles, cut down on paperwork, and save billions in the bargain.

Forty-five billion dollars, to be precise — or so said Assembly Health Chairman Richard Gottfried of Manhattan, as the Democrat-controlled lower house passed his New York Health Act on June 1.

It sounds too good to be true because it is. My analysis for the Empire Center shows that his $45 billion savings estimate relies on tendentious assumptions, debatable methods and a heavy dose of wishful thinking. [Read_more]

Desperate measures only add to NY’s pension perils by E.J. McMahon |  | New York Post

During the first few years after Wall Street prices bottomed out in 2009, public-pension funds across the country reaped double-digit returns. They were riding a bull market pumped up by ultra-low interest rates, and it wouldn’t last.

Now pension managers have been struggling to break even — the predictable outcome of a funding strategy that continues to expose taxpayers to unreasonable long-term risks. [Read_more]

State shouldn’t meddle with Affordable Care Act prices by Bill Hammond |  | Albany Times Union

One of the key promises behind President Barack Obama's Affordable Care Act is that it would "bend the curve" of increasing health care costs. The fact that the nation's overall health spending has been growing at the relatively slow rate of 4 percent annually is a hopeful sign.

But all is not so calm in the part of the insurance industry most directly affected by the ACA — the individual and small-group markets. [Read_more]

N.Y. leaders have means to improve business climate by E.J. McMahon |  | Poughkeepsie Journal

Seven years since the end of the Great Recession, and five years since Andrew Cuomo took office as governor, New York state’s economy is in splendid shape.

That’s what the state’s ubiquitous “Open for Business” ad campaign would imply, at any rate.

The facts tell a different story. [Read_more]

The Cuomo Way by E.J. McMahon |  | City Journal

From Albany to Buffalo, the New York governor’s clubby approach to economic development invites—and deserves—scrutiny. [Read_more]

Incentives encourage Medicaid patients to choose well by Russell Sykes |  | Albany Times Union

New York under Gov. Andrew Cuomo has been able to tame Medicaid costs by bringing together service providers and health care unions to find ways to save money.

But Medicaid patients themselves can also play a bigger role in that process. [Read_more]

Andrew Cuomo’s ‘best’ budget means big trouble for New York by E.J. McMahon |  | New York Post

The budget adopted by New York’s Legislature last week was described by Gov. Cuomo as “the best plan that the state has produced . . . in decades, literally.”

If this is truly the “best” New York can do, we’re in even more trouble than we thought. [Read_more]
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