Monday, December 26, 2016

Trump could cost New York $5.7B annually if Obamacare is axed

ALBANY — New York could lose more than $5.7 billion annually if the federal government kills Obamacare and doesn’t replace it, state Controller Thomas DiNapoli says.

The loss in health care funding is likely the largest, but certainly not the only, hit the state could be looking at under a Trump administration and Republican-controlled Congress, DiNapoli said.

“A repeal of the Affordable Care Act could have devastating consequences for millions of New Yorkers and the state budget,” DiNapoli said. “If federal support for Medicaid and other health care initiatives is slashed, state policymakers would face a huge challenge to make up the lost funding or see health coverage diminished across the state.”

The effect would be less if a new health care program is put in place or the repeal is phased out over a number of years, he said. Read full article here 

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