State of New York secondary Archives: on Health Care


Andrew Cuomo: Implement the N.Y. Health Exchange with federal funds

Almost 16% of New Yorkers under the age of 65--2.7 million people--are uninsured. Most are working people and their dependents. We have a unique opportunity to address this challenge by developing a New York State Health Insurance Exchange that will be financed entirely by the federal government. When the Exchange is implemented, more than one million New Yorkers will gain health coverage and individuals who currently buy their coverage directly will see their cost drop by 66%. Small businesses will see the cost of providing coverage to their employees drop by 22%.

In addition to the benefits to the uninsured and small businesses, the Exchange will benefit New York's taxpayers. The $1.7 billion that taxpayers currently contribute to offset the cost of providing care to the uninsured will be significantly reduced. The increased federal Medicaid match that recognizes New York's higher Medicaid eligibility levels will bring an additional $18 billion in funds to the state over 10 years.

Source: 2012 New York State of the State Address Jan 4, 2012

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