Still ticking, all the same by E.J. McMahon |  | NY Torch

On the heels of a strong investment return in 2017, Comptroller Thomas DiNapoli just announced a slight reduction in taxpayer-funded pension rates for the state and its local governments. [Read_more]

NY’s Obamacare blame game by Bill Hammond |  | NY Torch

This month’s setbacks for New York’s healthcare system were largely driven by flaws in the ACA, not by attacks on the law from President Trump or Republicans in Congress. [Read_more]

De Blasio’s awful tax hike timing by E.J. McMahon |  | NY Torch

Mayor Bill de Blasio says the wealthiest New Yorkers should "chip in a little extra"—a mere $800 million in higher income taxes, or an average of $25,000 per affected household—to pay for subway improvements and transit fare subsidies. But given Washington's tax reform agenda, de Blasio's latest soak-the-rich tax hike proposal is badly timed. [Read_more]

NYers face $1.1B premium ‘HIT’ by Bill Hammond |  | NY Torch

The scheduled return of an Obamacare tax on insurance premiums in 2018 would cost New Yorkers $1.1 billion in the first year, according to an industry-sponsored report published this week. [Read_more]

State’s retiree health debt grows by E.J. McMahon |  | NY Torch

New York State's unfunded liability for other post-employment benefits (OPEB) grew to $87.3 billion in fiscal 2017, a $9.4 billion increase over the previous year, according to a disclosure in the state Budget Division's just-released Financial Plan Update for the first quarter of fiscal 2017. [Read_more]

A reality check on Medicare changes by Bill Hammond |  | NY Torch

A technical change in how Medicare compensates hospitals for treating the poor and uninsured has drawn a heated response from Governor Andrew Cuomo that demands clarification. [Read_more]

NY’s June job numbers mixed by E.J. McMahon |  | NY Torch

Last week, Governor Andrew Cuomo staged a series of upstate ribbon-cutting events at which he again touted the region's economic progress. Today came something of a reality check: the monthly state Labor Department jobs report, which showed weak year-to-year private employment growth in upstate's largest metro areas. [Read_more]

Could D.C. repeat Albany’s mistake? by Bill Hammond |  | NY Torch

Washington lawmakers are contemplating fallback healthcare legislation that risks repeating one of Albany’s most notorious policy blunders – and triggering a “death spiral” in non-group insurance markets nationwide. [Read_more]
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