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Health Care Costs Could Rise for NYC Employees as City Scrambles for Funds

Summary by The City
Funding shortfall stems from aborted switch to Medicare Advantage for retired workers — with $1,500 in annual premium charges now on the table in union-management discussions.

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NYC’s Employee Health Fund Has Hit Zero — What It Means for Public…

This article was published in partnership with THE CITY. A key fund that pays for New York City employees’ health benefits has run dry, opening up a $600 million hole in the city budget and threatening potential cuts to public workers’ health benefits. For years, a cash pot known as the Health Insurance Stabilization Fund has been used to pay some health insurance premiums for city workers and offer supplemental health benefits like coverage for…

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The CityThe City
Lean Left

Health Care Costs Could Rise for NYC Employees as City Scrambles for Funds

Funding shortfall stems from aborted switch to Medicare Advantage for retired workers — with $1,500 in annual premium charges now on the table in union-management discussions.

Read Full Article
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  • 100% of the sources lean Left
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The City broke the news in on Monday, March 31, 2025.
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