Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
A federal health department audit found Illinois spent $4.6 million in Medicaid payments on behalf of deceased beneficiaries.
Pensions and employee health insurance costs consumed nearly a quarter of Illinois’ fiscal year 2018 budget.
Medicaid has ballooned to cover more than a quarter of Illinois’ population, with spending at $5.4 billion, up 141 percent 2015 compared with 2000. Now that a federal judge has ruled Illinois must speed up its Medicaid payments, the state’s Medicaid payment will increase $83 million each month, for a total monthly payment of $376 million.
While the Better Government Association has claimed Illinois’ budget contains no fat to trim, a deeper analysis reveals the state has many areas of expensive inefficiency to reform in state and local government costs, the Medicaid program and K-12 education.
Between 2014 and 2016, Illinois’ Medicaid expansion cost $4.6 billion more than its supporters had forecasted, crowding out services for Illinois’ most vulnerable residents.
A new report from the Commission on Government Forecasting and Accountability shows Illinois has experienced falling tax collections, which may indicate trouble in the state economy; spending reforms – not tax hikes – are what Illinois needs to right its fiscal ship and boost economic growth.
Illinois should roll back the state’s Obamacare Medicaid expansion and institute work requirements to save Medicaid for truly needy Illinoisans.
After hundreds of waiting list deaths and an unsustainable enrollment explosion, Illinois policymakers must act swiftly to contain this growing nightmare. Thankfully, they have options.
Illinois has a Medicaid crisis. With an Obamacare Medicaid expansion program that continues to spiral out of control, newly obtained data confirm fears that the expansion program would prioritize able-bodied adults over the state’s truly vulnerable residents.
The time is ripe to offer private insurance options to needy Illinoisans through premium-assistance programs and Medicaid savings accounts.