New York hospitals push back against governor’s proposed $657M Medicaid cuts

Hospitals in New York are facing $657 million in Medicaid cuts under Democratic Gov. Andrew Cuomo’s proposed budget, according to the Observer-Dispatch.  

Advertisement

Mr. Cuomo’s original budget included $39 million in Medicaid cuts. However, when the state found it was facing a $2.3 billion shortfall, amendments to close the gap included another $618 million in Medicaid cuts.

Darlene Stromstad, president and CEO of Mohawk Valley Health System in Utica, N.Y., told the Observer-Dispatch, “Cuts of this magnitude jeopardize the continued availability of comprehensive healthcare services for everyone — not just Medicaid patients — in our region.”

Proposals to curb the state’s Medicaid spending include an overall 0.8 percent cut in Medicaid payments to hospitals and all other healthcare providers, as well as ditching a planned 2 percent increase in hospital Medicaid payments. The proposed rate hike would have been the first increase hospitals have seen in a decade, according to the report.

More articles on healthcare finance:
Tennessee hospital closes, lays off 146
CMS terminates Missouri hospital’s Medicare contract
How CHS, Tenet, HCA and UHS fared in Q4

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.