The tax New Yorkers pay to train other states' doctors:
A fresh look at the $2.7 billion in subsidies given to New York's medical institutions
Key issues in rethinking New York's HCRA taxes:
$2.7 billion annual cost of hospital subsidies
hits New Yorkers through their health-insurance
bills, and their taxes.
payments were intended as a transitional
measure to help New York's hospitals
adapt to the same deregulated environment
already in place in virtually every other
- The transition seems to have gone
well. Despite some Chicken Little proclamations,
hospital profits have increased, as have
Yorkers are paying to train far more
physicians than any other state at
a cost of almost $1.4 billion a year.
subsidies also pay for charity care. But
is this the best way to meet that need?
- Teaching hospitals thrive in other states without such large subsidies.