The annual cost of New York’s public health insurance for the needy is set to shatter $100 billion for the first time — and the unrelenting migrant crisis could soon trigger even more of a spike, d…
7.8 million residents, with the staggering price tag for 2023-24 set at $108 billion, according to New York budget estimates.And beginning in January, the program will startto an estimated 25,000 undocumented immigrants age 65 and over who are ineligible for Medicare, the federal health insurance program for senior citizens — at an estimated cost of $171.million.
According to New York budget estimates, the state’s medicare budget for 2023-24 is set to reach $108 billion.The state picks up a third of the cost to finance the program, or $35.56 billion this fiscal year, the feds provide $64.6 billion, or 59%, and New York City and other counties chip in $8.5 billion, or 8%, for the $108 billion combined total.
Hammond said the fiscal year 2023-2024 state budget approved in April appears to increase the state share of Medicaid spending by $4.2 billion or 13 percent — an extension of a trend of explosive growth in the safety-net medical program during the COVID-19 pandemic. A crowd of migrants sitting outside of the shelter at the Roosevelt Hotel in Manhattan on July 31, 2023.Medicare will begin providing coverage to an estimated 25,000 undocumented immigrants age 65 and over beginning in January.The budget also provides an additional $72 million to the State University of New York’s three hospitals — Upstate Medical Center, SUNY Downstate and Stony Brook University — to cover “uncompensated” patient care, too.
But state officials are required to redetermine eligibility for all Medicaid recipients post-pandemic after the feds ended the COVID-19 emergency declaration, which is expected to reduce the number of insured in the program to 6.9 million from 7.8 million, a drop of 900,000.
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