The newly posted July cash report from the comptroller's office shows that state-funded Medicaid expenditures ran over budget projections by $665 million, or almost 8 percent, through the first four months of the fiscal year. If that pattern continues, the full-year overage would approach $2 billion.
New York's employer-sponsored health insurance premiums – which were already among the steepest in the mainland United States – rose faster than the national average in 2018, pushing the state's affordability gap to new heights.
This year's state budget came with a hidden asterisk: In the final throes of his negotiations with legislative leaders, Governor Cuomo quietly postponed a month's worth of Medicaid payments from the last week of March to the first week of April – shifting $1.7 billion in spending from one fiscal year to the next.
At Thursday night's Democratic presidential debate, Sen. Kirsten Gillibrand gave a misleading description of the "Medicare for All" proposal that she says she helped to write – implying that it calls for a voluntary buy-in rather than mandatory government coverage.
Governor Cuomo's efforts to reduce maternal mortality have put New York's doulas on the path to state regulation – and some of them want to get off.
In the name of lowering drug costs, state lawmakers are on the brink of passing hastily drafted and ill-considered legislation that would risk driving those costs even higher.
Dozens of the health-care bills percolating through the Legislature in the closing days of session have one thing in common: They would add to the already high price of health insurance in New York State.
Two pension funds affiliated with 1199 SEIU, the state's largest and most influential union for health-care workers, recently disclosed that they are in critical status due to funding or liquidity problems for an 11th straight year.
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.
The scores of New York's nursing homes dipped to an average of 3.19 out of 5 stars in the federal government's latest Nursing Home Compare report card, down from 3.33 in January. However, the national average dropped even further, from 3.35 stars to 3.06. New York's standing improved from 31st to 27th among the 50 states.
In what's become an annual tradition, New York state lawmakers have re-introduced bills designed to prohibit or restrict changes to expensive continuing health insurance coverage for current and future government retirees—which would effectively lock in a growing unfunded liability of more than a quarter trillion dollars for taxpayers across the state.
Sen. Kirsten Gillibrand has apparently doubled the price tag of her Medicare buy-in proposal, from 4 percent of income to 8 percent – but the math still does not add up.