September 8, 2017. This articles discusses a new Affordable Care Act (ACA) repeal bill would cut New York’s federal funding by $22 billion for health coverage by 2026, according to a new report by the Center on Budget and Policy Priorities based in Washington DC. New York would be the hardest-hit state, with an eye-popping estimated cut of 70 percent in 2026.
A report released Thursday raised concerns over the loss of federal funding that would hit New York if the latest measure to overhaul the Affordable Care Act is approved.
All told, the legislation would cost $22 billion in funding to New York from the federal government for health care coverage by 2026, according to the report released by the Washington-based Center on Budget and Policy Priorities.
The report was highlighted by the left-leaning Fiscal Policy Institute. The FPI is concerned that, in part, the new measure is being framed as a bipartisan fix to the ACA.
“Despite claims to the contrary, the Cassidy-Graham plan is just another ACA repeal bill and would have the same devastating effects on New York as the previous, failed GOP repeal bills,” said Ron Deutsch, the executive director of the Fiscal Policy Institute. “Like every other ACA repeal bill, it would take coverage from hundreds of thousands of New Yorkers and tens of millions nationwide.”
Of particular concern is the measure would curtail the Medicaid expansion under the ACA and eliminate tax credits that aid low-to-moderate income New Yorkers.
“The public, experts across the political spectrum, and groups representing patients, hospitals, physicians, seniors, people with disabilities and others have forcefully and repeatedly rejected this misguided approach,” said Deutsch. “It’s time to focus on bipartisan solutions that strengthen – rather than weaken—our health care system.”
Here is the link to NY State Of Politics.