Budget Update Clarification

Allie Gold and Carl Pucci in Finance & Reimbursement

The original Budget Update memo stated that the enacted State budget eliminated the funding associated with return on equity, but should have stated the following: The Enacted Budget reduces funding associated with nursing home capital reimbursement by 5 percent and eliminates funding for residual equity reimbursement in the capital cost component of the Medicaid rate payments to for-profit nursing homes. As noted in the Budget Update, in light of the COVID-19 pandemic and in an effort to secure enhanced Federal FMAP funding, the Governor’s office has indicated that the MRT II Medicaid cuts included within the enacted budget will be changed, delayed, and in some cases, not implemented as the enhanced Federal FMAP is not available for states that implement Medicaid cuts. 

NYSHFA/NYSCAL CONTACTS:

Allie Gold, Esq.
Director of Policy & Reimbursement
518-462-4800 x25

Carl J. Pucci
Chief Financial Officer
518-462-4800 x36