In a "Groundhog Day"-like replay of tactics from last year, health-care interests are again using an unlikely threat of spending cuts in Washington to demand special treatment in the upcoming state budget. The question now is whether the governor and the Legislature will play along with the movie for a second time in a row – and whether it will have the same ugly ending. Read More
These should be boom times for New York’s hospitals, whose collective revenues have been surging by the billions for several years. Read More
Eliminating profit from an entire sector of the national economy would be unprecedented. But the example of New York, on a smaller scale, shows why it is a recipe for dysfunction. Read More
Revenue for New York’s hospitals increased by $14 billion from 2012 to 2016, according to an Empire Center research and data bulletin released today. Read More
New York’s hospitals are in the throes of two seemingly contradictory trends. Their collective revenues are showing strong growth, yet more and more of them are chronically operating in the red. Read More
“Now that consumers are paying for the tax, it’s not punishing the pharmaceutical companies,” said Bill Hammond, director of health policy with the Empire Center for Public Policy. “The alleged wrongdoings has become a pretext for raising money and grabbing cash. I’m not saying we’re not spending any money, but if you looked at the budget you wouldn’t know we were at crisis levels.” Read More