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NY seeks federal waiver to 'transform' healthcare

Rochester Democrat and Chronicle, August 8, 2012

New York on Monday submitted an application to the federal government asking to reinvest into the state's healthcare infrastructure $10 billion of savings created by Gov. Andrew Cuomo's Medicaid Redesign Team. Phase one of the team's recommendations is estimated to save $34 billion in Medicaid funds—about half to the state and half to the federal government. The waiver application, touted by a slew of healthcare industry stakeholders at a Capitol news conference on Monday, requests that $10 billion of the estimated $17.1 billion federal savings over five years be reinvested into New York's industry.