The unpredictable and expensive nature of defined-benefit pension plans is why companies like Barnes & Noble Inc. and Allegheny Technologies recently chose to abandon traditional pension plans in favor of 401(k)-style plans.
Services for the most vulnerable Medicaid populations will be first in line for budget cuts. Childless, able-bodied adults will be last.
Localities don’t need to wait for Springfield to make the state work again.
More than 12,000 state retirees receive annual pensions of over $100,000 for lifetime payouts that average $3 million.
The president’s signature health-insurance overhaul is as unpopular as ever. And the underlying causes for dissatisfaction continue to worsen.
The Affordable Care Act is headed back to the U.S. Supreme Court in 2015.
Illinois’ Medicaid reimbursement rates are dropping back to about 54 percent of what the federal Medicare program pays for similar visits and procedures.