KHN Morning Briefing

Summaries of health policy coverage from major news organizations

Medicaid Repayment Possibilities Put New York State Credit Rating At Risk

In related news, New York City will pay $1 million to settle Medicaid probe.

The Wall Street Journal: Moody's: Medicaid Issue Puts New York State Rating At Risk
One of the nation's biggest credit-rating firms warned New York officials and investors Monday that the state's much-improved rating is at risk as the federal government tries to claw back nearly $1.3 billion in Medicaid payments. In its report published Monday, Moody's Investors Service said the potential Medicaid repayment is a "credit negative" for the state. The "repayment would result in an unwelcome drain on the state's cash balances," the report said, and future repayments would "pinch the state's liquidity" (Kravitz, 8/4).

The Associated Press: NYC To Pay $1M To Settle Medicaid Probe
Federal authorities say New York City has agreed to pay $1.05 million to settle allegations that the city's Human Resources Administration failed to stop Medicaid payments for health care coverage for beneficiaries who became ineligible (8/5).

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