CDPHP, MVP, other health insurers seek major rate hikes in 2023

ALBANY — Health insurers are asking state regulators for their largest premium increases in several years — a weighted average of 18.7% for the individual market and 16.5% for the small group market.By weighted average, the requests submitted by Capital Region-based insurers MVP Health Care and CDPHP range from 13.6% to 38.4%, with individual rate increases of as much as 48.2%.The state Department of Financial Services reviews the requests submitted by insurers operating in New York and typically approves a lesser amount than originally requested. In 2021, CDPHP and MVP requested premium increases ranging from 4.9% to 16.9% but were granted 3.4%…
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NY Attorney General sues diocese over St. Clare’s pension crisis

NY Attorney General sues diocese over St. Clare’s pension crisis

SCHENECTADY — The state Attorney General's Office on Tuesday filed suit against the Roman Catholic Diocese of Albany, seeking millions of dollars for roughly 1,100 former St. Clare's Hospital employees whose pensions were reduced or eliminated in 2018.Other defendants are named in the legal action, including the current bishop and previous bishop of the diocese and the St. Clare's Corporation, the legal successor to the defunct Schenectady hospital.But speaking Tuesday outside the McClellan Street facility, state Attorney General Letitia James laid out reasons her office's investigation concluded that the diocese is at the heart of the pension crisis. And she indicated…
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Ellis proposes to add pharmacy to new oncology unit

Ellis proposes to add pharmacy to new oncology unit

SCHENECTADY — Several months after Ellis Hospital opened its new medical oncology center, it is proposing to install a satellite pharmacy within it.The decision comes as patient volume increases at the facility Ellis Medicine operates with Roswell Park Comprehensive Cancer Center at the main hospital on Nott Street. About 250 cancer patients are now receiving treatment at the site. Ellis wouldn't say how much of an increase that represents, but did say patient volume has increased beyond the targeted goal since it teamed up with one of the premier cancer treatment providers in upstate New York. Ellis previously offered radiation oncology; it…
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DRI: Upstate cities have had varied experiences with their DRI awards

DRI: Upstate cities have had varied experiences with their DRI awards

The five rounds of funding through the state's Downtown Revitalization Initiative have brought hundreds of millions of dollars to downtowns across the state since 2016. As Gloversville embarks on its DRI process, here's a look at how things have gone in nearby cities that were recipients in previous rounds of the coveted $10 million economic development prize. AMSTERDAM Closest geographically is Amsterdam, which was chosen as the Mohawk Valley recipient in DRI Round 3, in 2018. Like Gloversville, it's a city that hasn't fully recovered from the loss of its signature industry decades ago. Amsterdam's efforts to revitalize its downtown…
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State clears firm linked to Schenectady’s Rivers Casino to begin mobile sports betting

State clears firm linked to Schenectady’s Rivers Casino to begin mobile sports betting

SCHENECTADY — Four recently licensed mobile sports wagering operators can begin operations in New York state as early as Saturday morning.The state Gaming Commission announced Thursday that the four had satisfied all requirements to accept bets and have been approved to do so starting at 9 a.m. Jan. 8.Among the four is Rush Street Interactive, which oversees the in-person sports betting operations at Rivers Casino & Resort Schenectady. RSI already operates online gaming in 11 other states.RSI is an affiliate of Rush Street Gaming, operator of casinos under the Rivers name in Schenectady and three other cities. RSI and RSG had…
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