New York’s FY 2025 budget includes significant investments to enhance mental health services statewide. Key allocations encompass $55 million for 200 new inpatient psychiatric beds, $9.6 million to expand Youth Assertive Community Treatment teams, and $84 million to increase Medicaid reimbursement rates for mental health services. Additionally, the budget mandates commercial insurers to reimburse state-licensed outpatient mental health services at least at Medicaid rates, aiming to improve access and affordability for residents. (Governor Kathy Hochul, New York State Division of the Budget)

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