The Brian Lehrer Show Recapping the Comptroller Debate
Jun 11, 2025
Alyssa Katz, executive editor of THE CITY, co-moderated the vibrant debate for NYC Comptroller featuring various Democratic candidates. They tackled the contentious shift to Medicare Advantage for retirees, sparking significant financial implications. Katz highlights the candidates' differing strategies on pension fund ethics and how fiscal responsibilities relate to current urban crises. The discussion also sheds light on historical financial lessons and the critical role of unions in shaping candidates' policies and community relations.
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Medicare Advantage Debate Divide
- The Medicare Advantage switch for NYC retirees is deeply unpopular and contested in court.
- Candidates show a divide: one calls it a scam and vows to fight it, the other wants to evaluate it carefully.
Union Deal vs Retirees' Health
- The costly Medicare Advantage deal was supported by unions to secure raises for active workers.
- Retirees feel betrayed, causing splits among union leaders and ongoing legal battles.
Pension Funds as Social Leverage
- NYC pension funds wield major shareholder power with nearly $300 billion in assets.
- Candidates agree on using investments to promote environmental and social values while protecting returns.