In January, the State Legislature enacted a sweeping health care finance law that is unique in a number of respects: (1) It was not included in the State’s overall budget (which has yet to be enacted); (2) It enables the long-stalled conversion of Empire Blue Cross/Blue Shield (Empire) into a for-profit entity; (3) It requires nearly all of the proceeds of such conversion to be contributed to the State budget for Medicaid; (4) It will increase Medicaid reimbursement for hospitals and other providers but with substantial strings attached, namely that such funds can only be used for employment and retention of nonsupervisory and/or direct patient care employees.
Empire Blue Cross/Blue Shield
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
