Hospitals and nursing homes in New York could receive a higher reimbursement rate under a tentative agreement in the state budget, Spectrum News 1 reports.
But a broader deal for a state spending plan was not finalized, and state lawmakers have left Albany for the next several days.
A source told the news organization that Medicaid reimbursement rates will increase for hospitals by 7.5%. For nursing homes, the rate will increase by 6.5%.
The health care workers union 1199SEIU called the tentative plan not nearly enough.
“Providers serving the most vulnerable New Yorkers are emerging from the pandemic considerably weakened by soaring costs, the end of dedicated Federal funding and a decade of flat Medicaid rates,” said the union’s president George Gresham.
Health care networks have pointed to financial complications in the wake of the COVID-19 pandemic and had sought reimbursement rates of 10% in the budget. Gov. Kath Hochul’s initial proposal called for 5% increases. Read more.
