NY Health Exchange Adds 1.1 Million To Medicaid

ALBANY (AP) -

New York has added 1.1 million people to Medicaid since the state health exchange opened last year under the Obamacare law, reducing the state’s uninsured which had been about 2.7 million people.

More than 6.2 million New Yorkers are now enrolled, almost one-third of its 19 million people.

While the law pushed many states to expand Medicaid eligibility, New York only had to raise the income threshold for single adults. That added almost 150,000 people — about twice as many as anticipated — though federal funds cover nearly that entire cost.

Medicaid costs New York $63.5 billion this year, almost half the budget. That’s up from $52.1 billion in 2011.