Hochul: 'Big Ugly Bill' will devastate Medicaid and SNAP recipients, hospitals
Brooklyn Eagle StaffBrooklyn Daily Eagle
STATEWIDE — GOV. KATHY HOCHUL warned on Friday that the Republicans' recently passed "Big Ugly Bill" will be "devastating" to millions of New Yorkers, with a draconian elimination of Medicaid and SNAP benefits and cuts to hospitals.
The funding cuts will eliminate Essential Plan health insurance coverage for two million residents; cut Medicaid for up to 1.3 million more; and raise uncompensated care costs to hospitals and providers by more than $3 billion annually, Hochul said. An analysis by the state's major healthcare associations shows a total of $8 billion in annual cuts to hospitals and health systems.
In addition, SNAP costs to state and local governments are expected to rise as much as $1.4 billion annually, with more punitive and complex work requirements, having a knock-on effect on farmers and retailers.
"I've been very clear: no state can fully undo the damage in this bill or backfill cuts of this scale," Governor Hochul said. "I'm working with the Legislature to brace for the impact."
"This bill is a betrayal of the people we are meant to serve. It turns its back on our most vulnerable … [and] is a giveaway to the wealthy, sacrificing the needs of hard-working families for billionaires' gain," Assemblymember Jo Anne Simon (D-Brooklyn Heights, Carroll Gardens) said in a statement.
What Trump’s big bill means for the Oregon Health Plan Oregon’s Medicaid program covers 1.4 million residents, including low-income families, children, seniors and people with disabilities.
Karston King Joins Alliant Insurance Services’ Employee Benefits Team in Utah
Advisor News
- Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
- Why client insurance needs could change even if their life doesn’t
- Most Gen Z investors think less than a year ahead when making financial decisions
- IRI pitches retirement agenda to Jeffries as democrats shape affordability platform
- Help child-free clients plan for their later years
More Advisor NewsAnnuity News
- Guidance, bulletin or reg? NAIC debates form of annuity illustration update
- Nationwide adds mutual fund-linked strategy to New Heights Select FIA
- NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
- NAIC working group pressed to accelerate annuity illustration overhaul
- State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
More Annuity NewsHealth/Employee Benefits News
Life Insurance News