Governor Kathy Hochul is seeking to reform New York's Medicaid program, which is facing criticism for its skyrocketing costs. With expenditures reaching an astonishing $124 billion, Hochul points fingers at Congressional Republicans for looming federal cuts, despite the state's overspending on the program. The article suggests that Congress should adjust the financial framework to encourage states to manage their Medicaid costs better. New York's Medicaid enrollment issues and its expansive benefits for a wide range of enrollees are contributing factors to the financial burden, particularly highlighting emergency coverage that has seen significant cost increases.
New York's high Medicaid costs are driven largely by its generous benefits, high enrollment (including of New Yorkers who aren't poor), and nation-leading reimbursement rates to providers.
The best way for Congress to curb federal costs? Rewrite the law so that states like New York have more of an incentive to control growth rather than balloon it.
Collection
[
|
...
]