N.Y. budget proposal includes $1.2B for health infrastructure

N.Y. Gov. Andrew Cuomo’s $142.1 billion budget proposal unveiled last week includes a $1.2 billion capital program to support health facilities.

The 313-page budget request also earmarks $95 million to digitize health records using $65 million in state funds and $30 million from the Medicaid program. In addition, the budget allocates $55 million for the state’s health information exchange, $10 million to create a database to store patient medical bill records and $10 million for other health IT projects.

Read the entire budget here.

Around the web

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.