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About $2.2 billion of next year’s expected revenue would come from CountyCare, the health system’s massive Medicaid program serving low-income residents. The insurance plan is seeing an enrollment resurgence during the pandemic and is now expected to see membership peak in November before it plateaus to about 350,000 for most of next year, potentially offsetting all claims payments.
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’s funny when they want MORE services at a time when they can’t afford them, and at a time when taxpayers can’t afford MORE TAXES … get a clue people. It’s about time that people without skin in the game, who have been grifting the system (that means politicians, appointees, unions, and “self pay” (=no pay) patients as well) finally feel what it’s like to understand that other people’s money is running out. It’s amusing that they riot about such things, too. Blame and bite the hand that feeds you, instead of being grateful. I guess that you praise the… Read more »