-- 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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It seems the government almost wants the healthcare system to fail.
Then what? Government run healthcare for all.
Don’t know about you, but the prospect of JB, JB, and BJ looking after my healthcare makes me ill.
They want the system to fail for the deplorables who must share healthcare with the illegals. The illegals are just pawns in the war against the deplorables. I repeat this often and loud, because its so very true: they hate you, deplorable. They really, truly hate you. The elites, most of whom vote Democrat, go to fancy hospitals in the nicest parts of the suburbs with few medicaid patients. I visited lake forest hospital a few months back and every car in the parking lot was new and expensive. Same with Glenbrook Hospital. The deplorables can share their Advocate and… Read more »
AT some point when medical professionals’ cost of operations: …(support staff, billing coding, malpractice liability insurance plus projecting tail cost (‘tail’ means paying for years of malpractice insurance after retirement, because statutes of limitations do not run out for many years and even decades in the cases of children), IT compliance with HIPAA)… exceed reasonable net compensation, medical professionals will leave–leave Illinois, leave medical profession or at least patient-encounter medicine. Yes, of course big-box medicine with State-appointed monopolies like NWM may limp along at enormous personal profit for a while, using brand-newly-graduated nurses and residents putting in time before fleeing… Read more »
Another slap in the face of tax-paying citizens.
Will taxpayer abuse never end?
Cost sharing by providers means they will be hiking prices on those who do pay for their medical services. Another back room tax upon the workers to pay for the illegals brought to us by Pritzker who will tout his great medical service plan for the immigrants in his Presidential aspiration speeches.