Protecting Medicaid Programs for New Yorkers: Fiscal Policy Institute Presentation
Learn how Medicaid plays a crucial role in providing healthcare coverage for millions of New Yorkers, particularly for older adults and individuals with disabilities. Discover the impact of potential cuts to federal Medicaid funding and the importance of safeguarding these essential programs.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Fiscal Policy Institute Medicaid in New York: Protecting Our Programs Presentation for the Virtual Disability Town Hall April 4, 2025 1
What does Medicaid do for New Yorkers? Medicaid covers nearly 7 million New Yorkers. Medicaid is the main source of insurance for 5.4 million New Yorkers. Medicaid is the only public program to cover long-term care for older adults and people with disabilities in New York. Medicare generally does not cover home care. New Yorkers who need long-term care rely on Medicaid. 2
Medicaid and Long-Term Care Medicaid provides home care for nearly 400,000 New Yorkers at a cost of nearly $20 billion. Medicaid provides community-based services for 110,000 people with intellectual and developmental disabilities at a cost of roughly $20 billion. Medicaid covers 1.2 million Medicare enrollees (30% of all enrollees). 3
Medicaid Spending on Older and Disabled Enrollees 59% of Medicaid spending in NYS supports older adults and people with disabilities! Source: Kaiser Family Foundation 4
How New York Pays for Medicaid New York s Medicaid program spent $103 billion in 2024. $56.8 billion or 55% of that money was federal. Republicans have proposed cutting that dramatically. 5
The Republican Plan House Republicans have voted to cut $880 billion in federal Medicaid spending over 10 years. This could mean $6.7 billion in cuts for New York next year, according to the Commonwealth Fund. They haven t said what specifically they would cut. They argue that they ll save money by combatting waste, fraud and abuse rather than by targeting specific programs. 6
You Cant Cut Medicaid Without Hurting People with Disabilities 56% of NYS Medicaid funding supports older adults and people with disabilities. If Republicans cut Medicaid, New York will have less money to support home- and community-based services for people with disabilities. If federal cuts happen we can and will fight to protect our services with state funds. But the state can t replace the $56 billion in federal funding that supports our programs. 7
