Governor Andrew Cuomo ordered immediate action to ensure that New Yorkers will continue to have access to affordable health care.
On Monday, the Gov. Cuomo intructed the state’s Department of Financial Services (DFS) to review all options in the affordable health access action plan. He also instructed the DFS to prepare to implement an expanded State Risk Adjustment Program to control health cost increases.
The governor’s directive comes after the Trump administration suspended the Risk Adjustment Program under the Affordable Care Act (ACA) popularly known as Obamacare.
The Risk Adjustment Program stabilizes insurance markets by preventing health insurers from enrolling only the healthiest members. The program prevents premium increases in the individual market by the offsetting the expenses of high-cost individuals.
Suspension of ACA’s Risk Adjustment Program is a “misguided decision”
Gov. Cuomo condemned the Trump Administration’s “misguided decision.” He suggested that the suspension could result into significant increases in health care cost for millions of Americans.
