State Medicaid budgets are feeling squeezed as demand and costs continue to rise past inflation or budget predictions.
The State of New York is entertaining cutting Medicaid services, but many think another source(education) will face cuts first before that happens.
Here’s more the Times Union:
Cuts to health care spending in New York may be needed to offset underestimated Medicaid costs, according to two fiscal watchdogs reports.
A reduction in Medicaid spending could take a variety of forms, including lowering the rates paid to medical providers that serve Medicaid patients, limiting eligibility for the program, cutting payments to insurance providers or curtailing benefits.