Wednesday, January 06, 2010

Big Apple Bitten

New York state "is broke," should cut $30 bln-study


From the article: "Most of the state's current $3.2 billion deficit stems from falling tax collections, the report said. But it also cited the state's recent string of billions of dollars of new spending.

Just two areas -- school aid and Medicaid, the federal-state health plan for the poor -- account for two-thirds of the budget, the report said...With one in four New Yorkers expected to get Medicaid by 2013, the report also urged capping home care, relying more on managed care, and cutting hospital and nursing home payments."


But if we do this on a national scale, it will somehow work better, right?

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