Record NY Medicaid budget to shatter $100B

[Kamaji]

Record NY Medicaid budget to shatter $100B — and migrant crisis set to only trigger another spike

By Carl Campanile
July 31, 2023

The annual cost of New York’s public health insurance for the needy is set to shatter $100 billion for the first time — and the unrelenting migrant crisis could soon trigger even more of a spike, documents show.

The state’s Medicaid program currently enrolls 7.8 million residents, with the staggering price tag for 2023-24 set at $108 billion, according to New York budget estimates.

That’s nearly $10 billion more than last fiscal year’s $99 million budget.

And beginning in January, the program will start providing medical coverage to an estimated 25,000 undocumented immigrants age 65 and over who are ineligible for Medicare, the federal health insurance program for senior citizens — at an estimated cost of $171.million.

“Public health insurance coverage for asylum seekers and other migrants may drive further costs to the State,” Gov. Kathy Hochul’s budget office acknowledged in her executive spending plan earlier this year.

The massive bill for the state’s Medicaid program is split between the federal, state and local governments.

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Source:  https://nypost.com/2023/07/31/record-ny-medicaid-budget-to-shatter-100b-and-migrant-crisis-set-to-only-trigger-another-spike/