Wirepoints’ Mark Glennon on AM560’s Morning Answer: Illinois Budget’s New Taxes Face Serious Constitutional Challenges
June 12, 2026
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Audio and summary linked here.
-- Connecting the dots between our economy, government and business --
A mess of uncertainty and litigation is sure to follow.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
Maybe those SAME Fed’s can also check out how much money K. Diddy Raoul squeezed out of the minority money managers in Chicago when he was on the Pension Committee.
Easy to see how there is zero incentive to lower premiums or healthcare spending:
Medical Loss Ratio of ACA demands 85% of premiums be paid to Medical care.
So insurers bought up doctors groups and hospitals, and pay that 85% to these subsidiaries who are not bound by ACA rules to limit profits or admin costs.