The newly posted July cash report from the comptroller's office shows that state-funded Medicaid expenditures ran over budget projections by $665 million, or almost 8 percent, through the first four months of the fiscal year. If that pattern continues, the full-year overage would approach $2 billion. Read More
State-regulated health premiums for 2020 are rising faster than the medical inflation rate for the sixth year in a row, yet the officials who signed off on the hikes insist they have saved consumers money – because average premiums are lower than what insurers originally requested. Positive spin notwithstanding, it's increasingly evident that the state's nine-year-old price-control regime, known as "prior approval," is failing as a strategy to keep health costs in check. Read More
The Cuomo administration's quarterly budget update includes a warning for the state's health-care industry: Medicaid cuts could be coming. The report, released Tuesday, says officials are developing a plan to reduce Medicaid spending that could include "across-the-board rate reductions to health care providers and plans." Read More
New York's employer-sponsored health insurance premiums – which were already among the steepest in the mainland United States – rose faster than the national average in 2018, pushing the state's affordability gap to new heights. Read More
This year's state budget came with a hidden asterisk: In the final throes of his negotiations with legislative leaders, Governor Cuomo quietly postponed a month's worth of Medicaid payments from the last week of March to the first week of April – shifting $1.7 billion in spending from one fiscal year to the next. Read More
At Thursday night's Democratic presidential debate, Sen. Kirsten Gillibrand gave a misleading description of the "Medicare for All" proposal that she says she helped to write – implying that it calls for a voluntary buy-in rather than mandatory government coverage. Read More
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