At the beginning of his term, Gov. Cuomo created a committee of hospital, labor and managed-care representatives to develop recommendations to cut costs within the state’s Medicaid program. The committee recently released 79 recommendations estimated to produced a $1.7 billion savings, which means an additional $600 million in cuts will need to be identified.
The agreement has yet to be approved by state legislatures, who will approve it as part of the state’s budget.
Read the Wall Street Journal report on New York Medicaid.
Read more coverage on Medicaid:
– New York Health Department Proposes 2% Cut to Medicaid Payments, 4% Cap on Annual Spending Increases
– New Governor of New York Planning to Cut Medicaid
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
