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
