Federal health officials have greenlit New York’s plan to enact a tax on health insurers, securing what could amount to billions for the state’s Medicaid budget.
The U.S. Centers for Medicare and Medicaid Services approved a state proposal to tax managed care organizations – a type of health insurer – and boost New York’s federal Medicaid reimbursements, according to a memo that the industry group Greater New York Hospital Association sent to its members on Monday.
New York has a very generous Medicaid program which isn't cheap.
