“New York slashing Medicaid payments by 1% as state faces massive $6 billion budget deficit,” by Dennis Slattery, New York Post

 

Quote:

“The state Health Department is cutting Medicaid payments by 1% starting Wednesday as the Cuomo administration seeks ways to reduce a ballooning budget gap projected to exceed $6 billion. A notice in the New York State Register published Tuesday said the move will reduce gross Medicaid payments, including federal matching aid, by $124 million in the final quarter of the current fiscal year and $496 million in following years. … The cut applies to the majority of Medicaid spending, including payments to hospitals, nursing homes, doctors, pharmacists, home-care providers and Medicaid managed-care plans.”

 

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Looks like reality is finally catching up with the state that turned “Medicaid” into a verb, i.e. charged everything and the kitchen sink to Medicaid in order to maximize federal matching funds, making suckers of federal taxpayers everywhere else.