EDITORIAL: Medicaid in trouble
Medicaid is the federal-state program that provides health care to poor Americans. Its establishment in 1965, along with Medicare, was a signal moment in American life, acknowledging a societal duty to protect those with little or no ability to pay for their own health care or their families'. Preserving it requires responsible stewardship by the governments that oversee it.
The problem glows red in a recent report on the state's current budget: A deficit of
And the gimmickry continues. As part of dealing with this deficit, the state plans to deal with more than half the deficit --
"You try running your household expenses and then say, 'I'm going to restructure my payments and that will make the problem go away,'" said
The remainder of the deficit is to be closed by something called "the savings plan," a solution whose details won't be revealed until January when Cuomo presents his 2020-21 budget proposal. New Yorkers and health care consumers can only hope it will be a more substantial approach than mooching off the providers who deliver essential care.
One of the biggest problems is in the high cost of
It's one thing to be a small-population state with a high cost --
By contrast,
Several factors may contribute to Medicaid's problems. One is growth in the program as a function of the Affordable Care Act, aka Obamacare. In addition, as the state's population ages, so does the amount of medical care needed by all its citizens, including those on Medicaid. Costs also rose when the state increased its minimum wage.
It's good that the country is providing insurance to those who would otherwise go without. It's good that people are living long lives and that the minimum wage goes up. What is unsustainable is a Medicaid program so far out of step with national averages.
___
(c)2019 The Buffalo News (Buffalo, N.Y.)
Visit The Buffalo News (Buffalo, N.Y.) at www.buffalonews.com
Distributed by Tribune Content Agency, LLC.



After the flood: Manchester couple counts blessings after 32 inches of water fills basement
ManipalCigna Health Insurance Launches Value-For-Money ‘Super Top Up’ Plan
Advisor News
- The 3 things that shrink your Social Security income
- Proposed legislation takes aim at Social Security shortfall
- The overlooked retirement security risk that must be addressed
- What advisors should know about hedge funds in retirement planning
- Retirement control is top success measure for middle class, ACLI says
More Advisor NewsAnnuity News
- Built-in guaranteed annuities: What advisors should know
- Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market
- Why job boards are failing insurance agencies
- MassMutual Ranks No. 100 on the 2026 Fortune 500® List
- What’s fueling record annuity growth?
More Annuity NewsHealth/Employee Benefits News
- Banning secret hospital contract terms could cut health premiums 6.5%
- Stride Joins Integrity to Transform Nation’s Individual Marketplace of Expanding Healthcare Benefits
- Centene to stop participating in state's Medicaid expansion
- New state budget helps 200,000 Virginians afford health insurance
- Virginians get thrown a lifeline
More Health/Employee Benefits NewsLife Insurance News
- Best's Review Leaders Issue Ranks Top Global Brokers and More
- Fortitude Re Announces $3.8 Billion Long-Term Care Reinsurance Agreement with Unum Group
- Unum Group Announces $3.8 Billion Long-Term Care Reinsurance Transaction with Fortitude Re
- Before you debate premium financing, understand the bigger picture
- NAIFA praises House committee approval of Clarity for Compensation Act
More Life Insurance News