-- 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
An article that perpetuates the ‘Medicaid is insurance’ myth – which is to say the ‘Medicaid is insurance’ lie. Big Hospital, representing itself and Big Doc and Big Pharm, get to turn in any unpaid debts owed by their public-aid patients for reimbursement by Cook County using Federal ‘COVID Relief’ $’s. Not to mention the fact that I’m sure lots of ‘administration-n-support’ pockets get thoroughly stuffed with tax dollars in return for them working so hard to implement this program. This in addition to the ‘pennies on the dollar’ – yeah, right… – they receive for their inflated billings. What… Read more »
While this article is light on details, people who owe unpaid medical bills are not medicaid patients. They probably have no insurance, or have insurance and are covered under other people’s insurance plans. There’s a large contingent of people that flat out don’t pay co-pays or deductibles. They go to the doctor, get a bill for $70 as a the co-pay and just don’t pay it. Their credit reports are replete with unpaid medical bills to hospitals, surgeons, especially lab testing companies, and xray/ct diagnostic companies. Part of the reason to remove medical debts from credit reports, for equity, is… Read more »
Cook County Is Running An Illegal Race-Based Program To Pay Medical Bills