New York's fiscal year 2023 budget includes a "historic" $20 billion multiyear healthcare investment, Gov. Kathy Hochul said April 9.
The $20 billion investment includes:
- $7.7 billion to increase home care worker minimum wage by $3
- $1.2 billion for bonuses to front-line healthcare workers
- $2.4 billion in healthcare infrastructure
- An expansion of Medicaid eligibility for low-income New Yorkers with disabilities and those age 65 and older
- An extension of Medicaid coverage for pregnant women from 60 days to one year postpartum
- Raise in cost of living adjustment by 5.4 percent for human services workers
"This budget includes historic investments that will rebuild the healthcare economy by raising healthcare worker's pay, improving their workplace infrastructure and providing incentives that will attract more people to the workforce," the governor said in an April 9 news release.
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