Governor Hochul's Medicaid spending plan constitutes half of the $252 billion state budget, proposing a $6.4 billion increase in state-funded Medicaid. This increase follows a 36% rise over her first three years, signaling potential sustainability issues for New York taxpayers. Surprisingly, the hospital lobby's criticism has muted, suggesting Hochul's plan favors hospital interests. Although acknowledging unsustainable growth in Medicaid costs, her proposed approach relies on federal government collaboration, despite the looming prospects of federal budget cuts affecting Medicaid funding.
The silence of the attack dogs on this year's Medicaid spending plan suggests Hochul is giving hospitals everything they want, further increasing taxpayer burden.
Hochul's proposal would raise the state-funded portion of Medicaid by $6.4 billion in a single year, following a combined 36% increase in her first three years.
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