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Serving New Hyde Park, North New Hyde Park, Herricks, Garden City Park, Manhasset Hills, North Hills, Floral Park

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Friday, September 1, 2017

Vol. 66, No. 35

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GUIDE TO SENIOR LIVING

BUTTERCOOKY EXPANDS, AGAIN

MANGANO 3rd TERM OFF THE TABLE

PAGES 33-36, 53-56

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Northwell to close down insurance plan CareConnect will withdraw from state health care marketplace BY JA N E LL E CL AUSEN Northwell Health has announced that CareConnect, its insurance subsidiary, will shut down and drop out of the Aordable Care Act market next year because of major losses. CareConnect has 126,000 policyholders, including individuals, small businesses and other groups, with more than half of them on Long Island. The company said last Thursday that these people will still be covered as they are transferred to other providers. Northwell Health pointed to its $112 million payment to the ACA’s risk-adjustment pool, representing about 44 percent of the company’s small-group health plan revenue. The company also noted a lack of federal assistance – speciďŹ cally that it never received a $150 million reimbursement from

the federal government. “It has become increasingly clear that continuing the CareConnect health plan is ďŹ nancially unsustainable, given the failure of the federal government and Congress to correct regulatory aws that have destabilized insurance markets and their refusal to honor promises of additional funding,â€? Northwell President and CEO Michael Dowling said. The risk-adjustment program redistributes funds from plans with lower-risk enrollees to plans with higher-risk ones. It aimed to push companies to insure more people and spread ďŹ nancial risk across the markets, according to the Kaiser Family Foundation, which studies healthcare issues. In the ďŹ rst ďŹ scal quarter this year, Northwell reported an operating loss of $36.2 million, Continued on Page 74

PHOTO BY DAVID POLLARD

Anthony Calabro, chairman of Italian Feast, shows off freshly made zeppoles with volunteers Maria Bevilacqua (center) and Victoria Hughes. The zeppole, an Italian pastry, is a popular item purchased at the event.

Love, zeppoles power NHP’s yearly Italian Feast sands to Michael J. Tully Park in New Hyde Park over four days each year. But the impact of their efThe love that the members of Order Sons of Italy Cellini forts continues year round. Among the carnival rides Lodge No. 2206 put into their annual Italian Feast draws thou- and independent food vendors,

BY D AV I D POLLARD

members of the local lodge sell their own food, which includes pasta dinners, beer, wine and desserts — the zeppoles they make being the most popular, according to lodge members. Continued on Page 74

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