GNYHA Media Campaign

The Division of the Budget (DOB) released a new analysis on October 30 that shows significant progress in the State’s fiscal picture. According to the so-called mid-year update, DOB has lowered its projected budget gap for State fiscal year (SFY) 2025 from $9 billion to $4.3 billion, mainly because of lower-than-expected spending. It also reduced...

Last week, Governor Kathy Hochul and the State Legislature reached agreement on the fiscal year (FY) 2023-24 New York State budget (please see ML-41). While GNYHA has noted that the final budget falls short of member needs (please see ML-39), it includes important new funding and opportunities for continuing care providers highlighted below: Medicaid rates:...

Earlier this week Governor Kathy Hochul and the State Legislature reached agreement on the fiscal year 2023-24 New York State budget. To help you better understand the final budget’s health care provisions and GNYHA’s positions, we developed the attached table. The final budget increases hospital Medicaid rates (7.5% inpatient and 6.5% outpatient), cuts $200 million...