To stabilize the system, we need an annual 3% funding increase for the next 5 years to correct the shortage and allow organizations to continue to provide lifelong support and care and invest in innovations and upgrades to aging facilities.
This multi-year commitment from the state is crucial to the viability of the not-for-profit providers who, for the past decade, have had to do more with less.
Over 90% of provider organizations’ funds come from Medicaid. Each year, New York State determines the levels of funding to those organizations to support people receiving our services. Yet, in the last decade they have received only one funding increase of 0.2% and have missed out on nearly $8 billion in funding, including $2.6 billion in cuts.
A majority of them have only two weeks of cash on hand.