LeadingAge New York State Budget Review April 2017 | Page 7

Financial Exploitation of Vulnerable Adults
The final budget does not include provisions proposed by the Governor to allow banks to place a “hold” on
the account of a vulnerable adult when there is reason to suspect financial exploitation. However, it amends
crime victims’ compensation law to enable vulnerable elderly persons and persons with disabilities to
receive compensation of up to $30,000 for thefts that result in loss of savings.
Miscellaneous
The final budget includes a number of additional initiatives of interest to health care stakeholders, including
the following:
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Provides $240 million If the manufacturer is not willing to pay a supplemental rebate, the Department may
override the prescriber prevails requirements for antipsychotic, antidepressant, and certain other drugs.
If drug spending is still projected to exceed the cap, the Department may take various steps to reduce
utilization of selected drugs.
Extends the Health Care Reform Act (HCRA) for three years through December 31, 2020. Includes in the
Public Health Law the amounts allocated to the various programs funded under HCRA.
Provides a $725 million down payment on a $2.5 billion investment in clean drinking water. Imposes new
emerging contaminants monitoring requirements on public water systems.
Good Government
The final budget does not include the proposals related to campaign finance reforms, opt-out voter
registration, early voting, term limits, Freedom of Information Law, and legislative ethics that were
advanced by the Governor.
Organization of this Report
The remainder of this LeadingAge NY report on the final SFY 2017-18 State budget includes an analysis
of the budget outcomes for each major service line, followed by a summary table comparing the Executive
Budget to the final budget by major functional area.
LeadingAge New York/April 2017
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