City Hall’s mounting budget woes are fueled by the exploding cost of providing municipal employees and retirees healthcare — potentially adding $3 billion annually to NYC’s deficits by 2027,
than the city’s own public hospital system for identical procedures.
“What this bill does, among other things, is it will for the first time ever, allow the city to harness its purchasing power to drive down costs, because we will finally know what it is that we are being charged by these hospitals for various procedures,” said the bill’s chief sponsor, Manhattan Councilwoman Julie Menin .
NYC Councilwoman Julie Menin said that with the bill’s passage “we will finally know what it is that we are being charged by these hospitals for various procedures.”The effort to crack down on hospitals — which is one of the most powerful industries in the state — for exorbitant pricing has even won fans at one of the state’s most prominent conservative think tanks, The Empire Center.
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