GOTHAM GIGS MTA’s chief accessibility officer seeks to make transit for everyone PAGE 31
CRAINSNEWYORK.COM
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APRIL 3, 2023
HEALTH CARE
City inks Medicare Advantage contract with Aetna
THE WOMEN WHO SHAPE NEW YORK
W
omen at the top are influencing all spheres of life in New York, from sports to fashion, philanthropy to law enforcement, clean streets to professional services. Come inside to meet them and learn where they will be pushing change in the coming year. Plus, find out which individuals and organizations Crain’s judges chose as Rising Stars, Mentors and Women-forward Workplaces.
INSIDE
ASHLEY HOLT
10 women who will shape New York this year PAGE 18 Women outpace men returning to work PAGE 17 Child care advances as an employee perk PAGE 25 PLUS Tech clings to equity amid layoffs PAGE 26
NEWSPAPER
BY JACQUELINE NEBER
T
he city signed a Medicare Advantage contract with Aetna on Thursday that will eliminate supplemental health plans for retired city workers. The move marks the end of a yearslong battle involving the city, unions and municipal retirees—at least for now. The bitterly SPECIAL REPORT contested Life science change will leaders discuss strip as many as 80% of reindustry’s growth tirees of their in the city existing plan, PAGE 12 prompting concerns over PLUS the loss of Health tech continuity of soldiers on, decare with prespite economic ferred doctors turmoil, investor who know patients’ medihesitancy cal history. PAGE 14 Mayor Eric Adams hopes to save as much as $600 million a year in insurance premiums at a time when federal pandemic funding for the city is ending. He is pressing for cutbacks in other areas while predicting substantial deficits in the coming years. Beginning Sept. 1, municipal retirees who are on the traditional Medicare supplemental Senior Care plan will be automatically enrolled in the Medicare Advantage Plan. Eligible retirees could opt into
HEALTH CARE
See CONTRACT on page 30 VOL. 39, NO. 13
P001_CN_20230403.indd 1
The cost-cutting move will end supplemental health plans for more than 250,000 city retirees
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