Wednesday, June 21, 2017

Illinois careens into financial meltdown

"Illinois will not meet a court-set deadline Tuesday to increase spending on backlogs of Medicaid payments, pushing the problem off until the end of the month as the state’s unprecedented budget impasse is on the verge of entering its third straight fiscal year."

..."Illinois owes Medicaid providers $2 billion for care provided to more than 3 million people"

..."the state's total unpaid bill of $15 billion — or 40 percent of Illinois' operating budget."
 ..."state’s backlog of unpaid bills will skyrocket to $28 billion by June 2019"