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Medicaid Fact Sheet:
Examples of Savings in the Enacted Budget

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The Enacted Budget reflected savings of nearly $1 billion from the projected growth of Medicaid.

Savings Realized in the Enacted Budget
(in millions)
  Enacted Budget
Hospitals $172.0
Nursing Homes $74.9
Pharmacy/Drug $197.5
HMOs/Insurance $174.7
Fraud $132.1
Other $189.9
TOTAL $941.1

Here are some examples of how the budget reduced spending.

Hospitals: New York State spends more in hospital reimbursement than any state in the nation. This budget reduced the growth of spending by $172 million.

Nursing Homes: New York State spends more on nursing homes than any state in the nation. This budget reduced the growth in spending by $75 million.

Pharmacy. New York State spends more on pharmaceuticals than any state in the nation. This budget reduced the growth in spending by $198 million.

Health Maintenance Organizations/Insurance Companies. This budget reduced spending growth by $175 million.

Anti-Fraud initiatives. This budget included numerous initiatives to cut fraud, waste and abuse in Medicaid that will save a projected $132 million in the budget.

NOTE: The information on this page is taken from the 2007-2008 Financial Plan.