Amends the elder law to tie the cost of living adjustment for pharmaceutical insurance to the consumer price index.
New York Assembly Bill A06645 amends the elder law to adjust the cost of living for pharmaceutical insurance coverage annually based on the consumer price index. The commissioner of health will make these adjustments to program eligibility standards and income categories to account for cost of living increases, ensuring they do not exceed the consumer price index for the previous year. This act takes effect immediately.
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