From my presentation at yesterday’s Manhattan Institute “Market Meltdown” conference, a chart depicting the 10-year trend in public pension fund contributions by New York State and City taxpayers:
Pension contributions over the past eight years have grown almost tenfold — from $991 million in 2000 to $9.6 billion in fiscal 2008. And this reflects market conditions before the meltdown.
About the Author
You may also like
Hospital Lobby’s TV Campaign Spreads Misinformation About Medicaid
As New York's health-care industry agitates for more money from the state budget, two of its most influential lobbying groups are airing TV ads that make alarmist and inaccurate claims about Medicaid. Read More
Hochul’s ‘Pay and Resolve’ Push for Hospitals Triggers Déjà Vu
Two years ago last week, I wrote in the Daily News about how then-Governor Andrew Cuomo was pushing a costly change to insurance law on behalf of a hospital group that had supported his campaign through a fund-rai Read More
The Looming Collapse of a Long-Term Care Insurer Raises Questions for DFS
As the Hochul administration presses for the creation of a "guaranty fund" to bail out failed health insurers, the state is quietly moving to seize a small company that could be the fund's first target. Read More
New York’s pricey hospitals draw pushback from labor
A City Council hearing in Manhattan on Thursday promises a rare scene in New York politics: hospitals playing defense. The council is debating whether to establish a watchdog agency focused on the high price of hospital care in New York, with a goal of helping the city and other employers contain the rapidly rising cost of health benefits for workers. Read More
Hochul puts Medicaid spending on a steeper slope
Governor Hochul is releasing the brakes on Medicaid, allowing state spending on the safety-net health plan to increase more than twice as fast as it typically did during the Cuomo administration.
Read More
Hochul’s agenda mostly sidesteps health care
Governor Hochul gave health care surprisingly little attention in her State of the State speech on Tuesday – a sign that taking on dysfunction in one-sixth of the state's economy ranks low on her list of priorities. Read More
Federal omnibus deal has big implications for New York Medicaid
The big spending bill heading for a vote in Washington this week would scramble the outlook for Medicaid in next year's state budget, mostly for the better.
The $1.7 trillion federa Read More
On College Readiness, Comptroller Asks Wrong Question, Delivers Flawed Answer
Graduation rates are rising while standards for graduation are falling. It begs the question: What number of graduating students are college ready? Read More
Enjoying our work? Sign up for email alerts on our latest news and research.