Gov. Hochul announces $10B in funding for affordable health insurance to 1.5 million people

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Gov. Kathy Hochul on Friday announced the state is receiving $10 billion in funding to provide affordable health insurance to 1.5 million people. The funding comes after Hochul’s previous announcement that the state expanded eligibility levels for the Essential Plan, a public health insurance program offered through the New York State of Health. "By securing this nation-leading investment, we're expanding affordable health insurance for New Yorkers and continuing to address the cost of living in communities statewide," Hochul said. New enrollees in the Essential Plan are estimated to save over $6,100 each year compared to what the amount they would be paying for commercial coverage. "