New York’s spending is multiplying — but maybe not adding up.
The state is now spending more on its massive Medicaid program than it does on K-12 schools — as it already pays more per person than anywhere else in the country, a shocking new analysis showed.
New York taxpayers paid an eye-watering $39.4 billion for the Medicaid program in the 2025-26 fiscal year — 26.5% of the entire state budget — and more than the $37 billion it dished out for education, according to a new report from state Comptroller Tom DiNapoli.
The soaring spending comes as the federal government probes Gov. Kathy Hochul’s administration and its Medicaid program for possible waste, fraud and abuse.
