-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
““One of the things that I want to make sure I have the opportunity to ask the MCO organizations is, why do they think providers have signs outside of their facilities that say we accept most MCO plans and not all,” Lilly said during the hearing. “And once that sign is displayed in the poor, the Black and brown community, which that’s where those signs are, that means those individuals do not have access to health care within their community.”” This is a really fundamental misunderstanding of what is happening. Medicaid, and the MCO’s, pay pennies on the dollar compared… Read more »