N.Y., federal officials reach tentative accord on more Medicaid funding

Feb 17 2014

The agreement would add $8 billion to help the state reconfigure the state's health insurance program for low-income residents and aid some struggling hospitals.

The New York Times: Federal Agency And New York State Are In Accord Over $8 Billion Medicaid Waiver
The Obama administration has agreed "in principle" to grant an $8 billion Medicaid adjustment for New York State that could help stabilize some hospitals in Brooklyn and would reconfigure the delivery of health care there and throughout the state, state officials said on Thursday (Hartocollis, 2/13).

The Wall Street Journal: New York State's Health System Set For $8 Billion Infusion
New York state is poised to receive a long-awaited infusion of $8 billion in federal money that could be used to make lasting changes to an outdated medical system and potentially save some cash-strapped Brooklyn hospitals. Gov. Andrew Cuomo said the state has reached an agreement in principle with the U.S. Department of Health and Human Services that would "transform the state's health care system and preserve vital health services in Brooklyn and other parts of the state including struggling hospitals" (Kusisto, 2/13).

The Associated Press: NY Officials: Agreement For $8B Medicaid Waiver
New York reached an agreement Thursday with federal officials for a waiver that would allow the state to reinvest $8 billion in Medicaid savings that officials say will be used to support hospitals and improve health care (Virtanen, 2/13).