July 9, 2015
By Stephanie West
Albany, NY – Governor Andrew Cuomo has announced that New York’s Medicaid spending per person dropped to a 13 year low over the past 12 months. This spending decrease has resulted in billions saved for taxpayers.
“Today’s announcement further solidifies New York State as a leader in redesigning Medicaid to meet the needs of the 21st century,” said Governor Cuomo. “Billions of taxpayer dollars have been saved thanks to the work of our Medicaid Redesign Team, and we are reinvesting in our healthcare system as a result – improving care for millions of New Yorkers. This is a fundamental step forward in our work to build a healthier New York State.”
Under the federal 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. Overall Medicaid spending growth has significantly slowed to 1.4 percent per year since 2011. Prior to that, the 2003-2010 rate of increase was 4.3 percent annually.