-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Not fixing the root cause of medical costs bankrupting illinois families. Middle, upper middle class families, even with so called good employer based coverage, get sucker punched with out of pockets. One family i know went from 0 to $20,000 over the past 2 years, because of unforseen medical services for their family. Policy should focus on true primary care, health promotion, education, beginning at birth, integrative medicine. Focus on what is making a larger percentage of our population, both young, and old, sick, and dependent upon a system that continues to make a small minority rich.
Now the border jumpers can get free healthcare without being on Medicaid is my best guess.
Medicare will not see increases in expenses but the new and not improved “JUMPERCARE” will.see costs explode.
Pritzker Creates Health Insurance Marketplace — One More Health Care Move That Will Bankrupt Illinois
Well if this new program is like anything else the state of Illinois runs I think we all know the outcome.