New York's Giant Medicaid Budget
The Brian Lehrer Show
WNYC
4.6 • 1.5K Ratings
🗓️ 24 January 2024
⏱️ 26 minutes
🧾️ Download transcript
Summary
New York State's Medicaid budget is one of the biggest in the country. Bill Hammond, senior fellow for health policy at the Empire Center, and Elisabeth Benjamin, vice president of Health Initiatives at the Community Service Society and co-founder of the Health Care for All New York Campaign, explain why Medicaid spending is over budget and what all that spending provides for New Yorkers.
Transcript
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| 0:00.0 | Brian Lear on WNC. |
| 0:09.8 | On WNYC. We'll follow up now on something from Governor Brian Lear on WNC. |
| 0:13.0 | We'll follow up now on something from Governor Hockel's Budget address last week. |
| 0:17.0 | It's about the challenges New York State faces from the growing cost of Medicaid. |
| 0:22.0 | It's an issue because so many New Yorkers lack |
| 0:24.7 | private health insurance and qualify for the various parts of Medicaid which is |
| 0:29.3 | government health insurance for people with low enough incomes for the most part. |
| 0:34.0 | But as the population ages, that's more and more people and health care costs per each person keep going up in Medicaid as in the private sector. |
| 0:44.8 | Medicaid is a big share of the total state budget. |
| 0:47.6 | We'll get into specifics. |
| 0:49.0 | New York also has among the highest per person Medicaid tabs of any state. The governor says the most of any |
| 0:56.8 | state. There are some other ways to look at those numbers, but it's near the top. So we'll get two |
| 1:01.5 | views on this. First though, here's a minute of the governor from that |
| 1:06.2 | speech. |
| 1:07.2 | Our Medicaid spending exceed our projections this year by $.5 billion dollars. |
| 1:14.0 | Let me explain how it happened. |
| 1:17.0 | First, 200,000 more people than anticipated remained on state-funded Medicaid after the federal |
| 1:25.8 | government ended their supplemental pandemic support. |
| 1:30.0 | Maintaining the coverage for these previously unenrolled residents now cost the state an additional |
| 1:37.5 | $400 million annually. |
| 1:41.6 | To make matters worse, the state is still awaiting repayment of a $1.5 billion |
| 1:48.5 | dollar one-time bridge loan made to financially distressed hospitals, which actually are about one third of the hospitals |
... |
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