Home health aides typically earn about $10 an hour in New York, far below the $15 minimum wage that Cuomo is proposing.
[A]gencies have been struggling for years with unfunded wage mandates and reduced reimbursement rates from Medicaid and Medicare. About 70% of home health agencies reported operating losses for 2013 in a survey by the Home Care Association of New York State. The industry group warned that the minimum-wage hike would result in bankruptcies and reduced services if the state budget doesn’t cover the higher labor costs.
The group estimated that providers would face $1.1 billion in increased costs in the first two years, and $2.19 billion once the minimum wage reaches $15 statewide, in 2021.-RW