NY seeks federal waiver to 'transform' healthcare

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.