Michael Gormley ALBANY — The state told hospitals and nursing homes this week that they will be hit with another cut in Medicaid funding as the health care system reels from costs related to fighting the COVID-19 virus and state revenue Read More
Tag: Hospitals
A review of federal emergency payments to New York health-care providers reveals a striking disparity: Four of Manhattan's most prosperous private hospitals collected more individually than the 11 city-owned hospitals combined. Read More
Earlier this year, another fiscal watchdog group, The Empire Center, found that Cuomo’s budget office had delayed a $1.7 billion Medicaid payment from the previous fiscal year into the current fiscal year. Because of the delay, the governor was able to keep within a self imposed 2% yearly spending cap. Read More
“It’s everything that’s wrong with Albany in one ugly deal,” said Bill Hammond, a health policy expert at the nonpartisan Empire Center who first noticed the budgetary trick. “The governor was able to unilaterally direct a billion dollars to a major interest group while secretly accepting its campaign cash and papering over a massive deficit in the Medicaid program.” Read More
Sen. Chuck Schumer raised the alarm Tuesday about a pending reduction in Medicaid funding for safety-net hospitals, which he said would have "devastating" effect in New York. His warning was misleading in several ways, not least because it left out an important bit of context: Schumer himself voted for the cuts he was deploring. In effect, he was taking credit for trying to clean up a mess he had helped to create. Read More
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
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