The threat of massive federal funding cuts hangs over New York City's hospital system despite failed efforts to eliminate the Affordable Care Act, said its top administrator.

"We certainly dodged a bullet, but the gun is still loaded and we are already in a fragile position," Health + Hospitals interim chief executive Stanley Brezenoff told members of the City Council health committee at a City Hall hearing on Wednesday. Brezenoff, who succeeded Ram Raju last November, was CEO from 1981 to 1984 and board chairman from 1984 to 1985.

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