- By New York State Governor's Office
- News
Governor Andrew M. Cuomo directed the Department of Financial Services Monday to review the impact and implement an affordable health access action plan in light of the Trump Administration's suspension of the Affordable Care Act's Risk Adjustment Program. The Risk Adjustment Program is designed to stabilize insurance markets by inhibiting the ability of health plans to seek out only the healthiest members, thereby increasing the cost of insurance for those who need it the most. As a result of the Trump Administration's misguided actions, millions of Americans' could face significant increases in cost in their health insurance.
As part of the Affordable Health Access Action Plan, Cuomo directed DFS to review all options and prepare to implement an expanded State Risk Adjustment Program that controls health cost increases as much as possible in case the federal program is not reinstated to ensure access to affordable care for all New Yorkers in the long-term.