While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
The Civic Federation’s criticism of Gov. Bruce Rauner’s proposed budget is a mixed bag, with its own proposals for Illinois’ financial crisis – including nearly $3 billion in tax hikes – missing the mark.
Pensions and employee health insurance costs consumed nearly a quarter of Illinois’ fiscal year 2018 budget.
The highest state worker salaries in the nation, overtime pay, generous state pensions, taxpayer-subsidized health care coverage and free retiree health insurance for career workers combine to give the average Illinois AFSCME worker six-figure annual compensation.
The state’s largest government-worker union just voted to authorize a strike for state workers. The union perpetuates a myth that Gov. Bruce Rauner is waging war on the middle class – all while ignoring that his contract offer to state workers includes benefits unavailable to most Illinoisans working in the private sector.
New data released by the Illinois Department of Insurance reveal premiums for health insurance plans on Illinois’ ObamaCare exchange could soar by an average of 44 to 55 percent in 2017.
AFSCME balks at Gov. Bruce Rauner’s proposal that state workers chip in more for their Cadillac health insurance.
The health-benefits package provided to state workers contains much richer benefits than the average Illinoisan might receive, while paying a smaller amount for these benefits.
The president’s signature health-insurance overhaul is as unpopular as ever. And the underlying causes for dissatisfaction continue to worsen.
Health-care access and affordability are important goals. But they will never be achieved with a single-payer system – and that isn’t bad news.
The new federal spending bill, dubbed the “CRomnibus,” codifies that the ACA payments to insurers are budget-neutral, as the revenue to fund them will come from fees already assessed on health-insurance plans. This is not the blank check that insurers were hoping for.