Governor Andrew M. Cuomo today announced that New York has reached an agreement in principle on a federal waiver that will allow the state to reinvest $8 billion in federal savings generated by the Medicaid Redesign Team over five years to transform the state's health care system and preserve vital health services in Brooklyn and other parts of the state including struggling hospitals. Todays agreement follows 19 months of aggressive advocacy by Governor Cuomo on the states need for MRT savings reinvestment.
Today we have reached an agreement in principle with the federal government that will allow New York to reinvest $8 billion in savings to transform New Yorks health care system, Governor Cuomo said. While the State will be reviewing the terms and conditions of this agreement, it is clearly the biggest step forward towards a positive conclusion for our communities, particularly in Brooklyn, that have suffered from diminishing health care services. Securing this waiver will address those needs, allowing us to increase access and improve the quality of care for New Yorkers while making New Yorks health care system a model for the entire nation. I thank Secretary Kathleen Sebelius and her team at the Department of Health and Human Services for their cooperation and assistance.