Gov. Andrew Cuomo said Thursday that he had not yet formed an opinion about how exactly Puerto Rico should confront all its dire financial problems, even as the governor is set to embark on an overnight trip to the commonwealth on Monday.
“We’re going to go and listen first, understand the financial situation, see what advice we have there,” said Cuomo, when asked whether he favored bankruptcy for Puerto Rico or its utilities. “And also part of it is the expenses, right? There’s two ends to the equation.”
Cuomo noted that state Health Commissioner Howard Zucker and state Medicaid Director Jason Helgerson — the key player in reining in New York’s own Medicaid costs — would be going on the trip. “If you have financial problems, one of the reasons is that the revenue’s not high enough, and one of the reasons is that the expenses are too high,” Cuomo said. “So we’re also going to talk to them about the expense side of the equation, primarily health care.”