New York governor tells DFS to reject efforts by health insurance companies to gain windfall profits off Trump repeal of the individual mandate.
In the face of the Trump administration's continuing attack on the
Affordable Care Act, Governor Andrew Cuomo today directed the
Department of Financial Services (DFS) to reject efforts by health insurance
companies to gain windfall profits off of the Trump administration's
decision to repeal the individual mandate under the Affordable Care
Act.
Under Governor Cuomo's leadership, New York was one of the
first states in the nation to implement its own health insurance
exchange following the passage of the Affordable Care Act. Since then,
New York has cut the number of uninsured rate to 5 percent, and premiums
in the individual market have dropped more than 50 percent. Today the
state has a robust market, with New Yorkers in every county having a
choice of coverage. Governor Cuomo vows to not allow President Trump to
undo that progress made in New York.
"In New York, we're not going to allow the Trump administration tear down our health care system," Governor Cuomo said. "We
believe health care is a right, not a luxury, and we have made
extraordinary progress expanding access to care. We will not go
backwards. While the Trump administration tries to take us backwards,
we're going to stand up, fight back and move forward."
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Source: The Office of Governor Andrew M. Cuomo
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