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.
via Health News Headlines - Yahoo News http://ift.tt/1iPkymh
No comments:
Post a Comment