New York finalizes $8 billion Medicaid accord with federal government

[riky]

New York finalizes $8 billion Medicaid accord with federal government

<p><a href="http://news.yahoo.com/york-finalizes-8-billion-medicaid-accord-federal-government-195158785--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/r8Y45BypqDk5B8Zjjo5bOg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-14T195158Z_1_CBREA3D1J6T00_RTROPTP_2_USA.JPG" width="130" height="86" alt="New York Governor Andrew Cuomo talks with reporters before signing the 2014-15 state budget at the State Capitol in Albany" align="left" title="New York Governor Andrew Cuomo talks with reporters before signing the 2014-15 state budget at the State Capitol in Albany" border="0" /></a>By Edward Krudy NEW YORK (Reuters) - New York State said it finalized an agreement with the U.S. government on Monday allowing it to reinvest $8 billion of federal money in its health insurance system for low income people while avoiding potentially painful cuts or additional budget strain. Over the next five years, the state will keep the federal savings it makes by reforming its existing Medicaid program. The savings, slated to total more than $17 billion by the end of the 2014-2015 financial year, were identified by a group established in 2011 by New York Governor Andrew Cuomo. New York state spending on Medicaid is among the highest in the country.</p><br clear="all"/>

Source: You are not allowed to view links. Register or Login