NY Medicaid Budget Surpasses $100B Amid Migrant Crisis
Annually, New York’s public health insurance for the indigent surpasses $100 billion. The migrant crisis may lead to further growth.
Based on New York budget estimates, the state’s Medicaid program presently enrolls 7.8 million residents at a staggering cost of $108 billion for 2023-24.
This is nearly $10 billion more than the $99 million budget for the previous fiscal year.
In addition, beginning in January, the program will provide medical coverage to an expected 25,000 undocumented immigrants aged 65 or older who are disqualified for Medicare, the federal health insurance program for seniors, at an estimated cost of $171 million.
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Migrants Sign Up for Medical Coverage
After their arrival in New York City on May 17, 2023, migrants will enroll in health insurance.
According to Hammond, the fiscal year 2023-2024 state budget, which was approved in April, appears to increase the state’s share of Medicaid expenditure by $4.2 billion, or 13 percent, extending the trend of explosive growth in the medical safety net program during the COVID-19 pandemic.
The majority of the additional expenditures will be allocated to fee increases for various categories of Medicaid providers.
Increases of 7.5 percent for inpatient care and 6.5 percent for ambulatory care are granted to hospitals. Additionally, nursing facility providers received a 6.5 percent raise.
The New York State Senate approves a health care measure for illegal immigrants after the federal government agrees to foot the bill.
During the COVID-19 outbreak, federal policy urged New York and other states to retain residents on the Medicaid rolls despite the rising unemployment rate.
After the federal government ended the COVID-19 emergency declaration, state officials were required to redetermine the eligibility of all Medicaid recipients.
This will probably decrease the number of insured in the program by 900,000, from 7.8 million to 6.9 million.
The aging of New York’s population complicates efforts to control Medicaid expenditure, state budget officials said.
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Source: NEWYORKPOST via MSN
