Governor Kathy Hochul announced three new policies that will put money back in the pockets of millions of New Yorkers. Because of new laws championed by Governor Hochul, this week marks the first implementation of an increased minimum wage, the nation’s first paid prenatal leave law, and a ban on insulin co-pays for state-regulated insurance plans. Governor Hochul has prioritized tackling the affordability crisis in New York, including by proposing the first-ever inflation refund, and will continue focusing on affordability in this year’s State of the State. A pregnant woman who earns minimum wage and is diabetic would have an additional $2,500 in their pocket as a result of these new initiatives.
“The new year has arrived — and so have three major new policies that will make a difference in the lives of working people,” Governor Hochul said. “The cost of living is just too damn high, so I’m doing everything in my power to make New York more affordable for families.”
