N.Y. takes first step toward lottery privatization

Comment #3

justxploring — Fri, 08 Feb 2008 20:55:28 GMT

My only experience with privatization is Medicare. Several Medicare Advantage plans were designed with low or zero premiums to attract seniors. It would take too long to explain, since there is such a variation in the plans. In general, they're really great if people don't get sick or don't care which doctor or hospital accepts the plan. But many are misleading and sold using unethical techniques. This is mainly because of the high commissions paid to insurance agents who care more about volume... [ More ]

Comment #2

Tenaj — Fri, 08 Feb 2008 20:42:39 GMT

I hope it doesn't happen.

Comment #1

chasingadream — Tue, 05 Feb 2008 04:00:50 GMT

it will be interesting to see how this plays out

N.Y. takes first step toward lottery privatization

Lottery Post — Tue, 05 Feb 2008 03:14:49 GMT

New York has taken a step toward privatizing the state lottery. The state's Budget Division has started the process of hiring an independent investment adviser to guide Gov. Eliot Spitzer's proposal.

Spitzer wants to open the lottery to private investors, using money made on a potential lease to start and sustain an endowment funding the State University of New York system. Spitzer has said any offer must include at least $4 billion in upfront payments.

The Budget Division is seeking a f... [ More ]