ALBANY, N.Y.—Officials representing New York’s hospitals, nursing homes, counties and insurance plans are bracing for reductions to Medicaid funding as Gov. Andrew Cuomo proposes a new state budget this week. The Democratic governor will have to bridge a projected $6.1 billion deficit in a roughly $175 billion spending plan. About $4 billion of the shortfall comes from cost overruns in the state’s Medicaid program, which provides health-care services for more than six million people. The current state budget expires March...

Source: Wall Street Journal January 20, 2020 13:52 UTC