Tag: Essential Plan
Washington's newly enacted climate, health and tax package harbors an only-in-New York glitch: It pours even more money into the state's Essential Plan, which is sitting on a multi-billion-dollar surplus that officials Read More
The balance of unspent money in the Essential Plan Trust Fund ballooned to a new high of $1.2 billion as of March 31, records from the comptroller's office show. The surplus more than tripled since the same time last year – even as the Trump administration disrupted federal aid for the program, which provides health coverage to low-income New Yorkers, and the Cuomo administration diverted $635 million in Essential Plan funds to subsidize struggling hospitals. Read More
Health coverage gains under the Affordable Care Act were concentrated where they were needed most—among lower-income groups and in the five boroughs of New York City—recently released Census Bureau data show. Read More
It turns out the state is receiving way more federal aid than it needs to pay for the program—to the tune of hundreds of millions of dollars a year—thanks to an out-of-whack formula in the Affordable Care Act. Read More
Here’s another health care cut that Albany can stop worrying about: Despite losing $1 billion in federal funding, the state’s Essential Plan is actually expected to run a hefty surplus—which the Cuomo administration is using to plug budget holes. Read More
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