Moody's says N.Y. Medicaid gap an 'Achilles Heal'

Medicaid spending is threatening New York’s ability to close future state budget gaps in the coming years, making for an “Achilles heal” for its finances, Moody’s on Tuesday reported. New York’s budget gap for the coming year stands at $6.1 billion, with much of that fueled by overspending in the state’s Medicaid program, the costliest in the country.