NY Governor Andrew Cuomo
ALBANY – Governor Andrew Cuomo Monday announced that New York’s Medicaid spending per person dropped to a 13 year low over the past 12 months. Cuomo said the significant spending decrease, which he claims has resulted in billions of dollars of savings for taxpayers, can be attributed to the reforms instituted by his Medicaid Redesign Team.
Under the Affordable Care Act, more than 500,000 New Yorkers joined the Medicaid program in 2013 and 2014. At the same time of that nine percent growth in enrollment, annual spending per recipient fell to $8,223 – the lowest level in more than ten years. Additionally, overall Medicaid spending growth has significantly slowed to 1.4 percent per year since 2011. Prior to that rate of increase was 4.3 percent annually during an eight-year period.
The governor also announced Monday that the Delivery System Reform Incentive Payment (DSRIP) program has made its first round of specific funding allocations to 25 provider networks. The program is designed to invest an estimated $7.3 billion of Medicaid savings over the next five years into transforming the state’s health care system.
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