June 8, 2012
Around Town By Neal Tepel
Governor Andrew M. Cuomo has announced that New York will request a waiver from the federal government that will allow the state to invest up to $10 billion in savings generated by the Medicaid Redesign Team (MRT) reforms to implement an action plan to transform the state’s health care system.
According to the Governor, the Medicaid waiver will enable New York to fully implement the MRT action plan, reinvest in the state’s health care infrastructure, and lower costs over the long term. New York State is requesting that the federal government allow the state to reinvest over a five-year period up to $10 billion of the $17.1 billion in federal savings generated by MRT reforms.
“We have already taken the first steps to transform our state’s health care system, including cutting costs to taxpayers and improving the quality of care,” Governor Cuomo said. “The Medicaid Redesign Team has led the charge, and this waiver will allow New York State to fully implement the groundbreaking MRT action plan to permanently restructure our health care system and make New York a national model.”
MRT initiatives are projected to save $34.3 billion over the next five years – divided between the State and federal government. If not for these MRT initiatives, state spending would have grown by $2.3 billion in the 2011-12 fiscal year alone.