Press Releases

Medicaid Drug Spending Surge Driven Mostly by Enrollment, Not Prices | Press Releases

From 2014 to 2016, New York’s Medicaid program saw a surge in drug spending that Governor Andrew Cuomo blamed on “abusive” behavior by drug manufacturers. A new Empire Center issue brief shows that, after accounting for rebates, the surge was smaller than Cuomo described, and that it was mostly driven by enrollment growth. Overall, the report finds that price increases accounted for about one-fifth of the spending surge, while enrollment accounted for four-fifths. [Read_more]

NYS School Pension Data Available at SeeThroughNY | Press Releases

Maximum pension benefits averaged $68,676 for the 2,495 members of the New York State Teachers Retirement System (NYSTRS) who retired in school year 2016-17 with at least 30 years of credited service time, according to data posted today on SeeThroughNY, the Empire Center’s transparency website. [Read_more]
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