New York Medicaid Asks for $17.1B Waiver for Reinvestment
New York's Medicaid program has saved billions of dollars in its recent redesign, and now the state is asking the federal government to keep those savings to reinvest in Medicaid, according to a Times Union report.
Jason Helgerson, New York's Medicaid director, submitted a waiver to CMS asking if it could keep the roughly $17.1 billion in savings over the next decade to "make investments that otherwise would not be possible because of budget constraints," according to the report.
In order to receive approval for the waiver, New York Medicaid must show how the money will be used to make the program more cost-efficient and that the reinvestment will not increase costs after the waiver expires in five years.
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