Today, Big I NY joined a broad group of employer associations, chambers of commerce, and health plans in calling on the Medicaid Redesign Team (MRT) not to consider any new taxes or fees on private health insurance plans.
New York State is currently facing a $4B Medicaid deficit. In response, Governor Cuomo has announced a new MRT, similar to the MRT created in 2011 by executive order. The MRT will be tasked with closing the funding shortfall.
Big I NY is concerned that the MRT could look to increasing taxes on health insurance plans as a way to raise revenue. New York already collects more than $5B annually in taxes, fees, and assessments on health insurance. A further increase would unacceptably raise the cost of health insurance for New York's consumers and employers.
We are urging the MRT to focus on reducing costs and improving efficiency, not adding new taxes or fees.
MRT Letter 01-30-2020 Final.pdf