“New York recently paid almost $50 million to private stock managers to actively invest part of the state’s massive public pension fund, and they lost more than $1 billion, a worse performance than stocks that were essentially untouched,” the AP reports today. Read the whole story here.
You may also like
Albany Should Listen to Jamie Dimon
In his annual message to shareholders, JP Morgan Chase's chief executive, Jamie Dimon, offered a timely and pointed warning for New York policymakers.
It's worth , with emphasis add 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
In Albany This Week, First Do No Harm
It's last call in Albany.
T Read More
Lawmakers Mull Medicaid Proposals That Would Speed New York Toward a Fiscal Cliff
As a budget deal nears in Albany, reining in spiraling Medicaid costs seems to be the last thing on anyone's mind.
Governor Cuomo is advancing only Read More
A Federal Emergency Rule Is Inflating New York’s Medicaid Enrollment
Strings attached to federal coronavirus relief funding appear to be inflating New York's Medicaid enrollment – and costs – at a time when the state faces unprecedented deficits. Read More
New York Medicaid Spending Is Projected to Jump 6% in Fiscal Year 2021 (UPDATED)
Despite a round of cost-cutting this spring, New York's Medicaid spending is on track to jump by 6 percent this year thanks to a massive influx of federal aid. Read More
New York Has Widened Its Lead in Per-Capita Spending on Medicaid
New York's per-capita Medicaid spending soared to more than double the nationwide rate in 2018, widening its gap with the other 49 states. Read More
New York’s Medicaid Enrollment Surges to an All-Time High
New York's Medicaid program is growing at its fastest rate in six years, with a quarter-million additional enrollees landing in the safety-net health plan during the first three months of the coronavirus pandemic. Read More