Federal judge’s Illinois Medicaid ruling squeezes state government cash flow

By Craig Lesner, Ted Dabrowski
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.

TAGS: budget, Medicaid, Moody's Investor Service

Moody’s clears the air: Illinois under review for possible downgrade to ‘junk’ status because of debt crisis

By Michael Lucci
Though the Illinois House of Representatives appears close to overriding Gov. Bruce Rauner’s veto of a tax hike budget plan, and thereby ending Illinois’ more than two years without a full-year budget, Moody’s Investors Service has said it might still downgrade the state’s credit, largely due to Illinois’ unsustainable debt.

TAGS: Bruce Rauner, budget, credit rating, Illinois House of Representatives, Moody's Investor Service, veto