Bloomberg Tax
Jan. 21, 2020, 6:01 AM

New York’s Medicaid Budget Is Bleeding; Some Want Cash Infusion

Keshia Clukey
Keshia Clukey

New York is looking to overhaul its Medicaid program, which could mean cuts to hospitals, doctors, nursing homes, and other providers as the state aims to fill a projected $6.1 billion budget gap.

The cost of the safety net health-care program is a large portion of the deficit. Gov. Andrew M. Cuomo (D) briefly mentioned the shortfall in this year’s State of the State address and provided some insight as to how he hopes to plug it.

The state already has imposed some cuts—announcing in December a 1% reduction on Medicaid reimbursements—and Cuomo wants a restructuring of the program. ...

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