ALBANY, N.Y. (AP) - New York's health care industry is waiting with some trepidation to see how Gov. Andrew Cuomo intends to plug an over $8 billion hole in the state’s Medicaid program.
The Democrat is expected to release his annual budget proposal in the next two weeks. The stickiest issue will be how to curtail spending on the program, which last year soared over its budget.
New York's Medicaid program is the nation's largest, serving over 6 million people. The Citizens Budget Commission says reforms to the program helped stem spending from 2011 to 2015. But spending growth has since ballooned.
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