The 2 percent cut represents $345 million in payments to healthcare providers in the state.
The state budget calls for a $2.85 billion reduction in Medicaid spending to close a $10 billion state budget gap. Gov. Andrew Cuomo is hoping to build the support of healthcare providers around the cuts by including their representatives in a committee that will identify areas of savings for the program.
The committee is expected to release its recommendations on Tuesday, according to the report.
Read the New York Times report on New York Medicaid.
Read more coverage on Medicaid:
– Arizona Senate Committee Votes to Drop out of Medicaid
– Texas Eyes Medicaid Overhaul to Allow ACO-Like Arrangements
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.