-- 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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This is all about giant afsme political payback for rauner trying to outscource medicaid billing, which afsme fought tooth & nail. Mendoza was quick to declair a flop. Even thow many other states out scource billing. meanwhile look a what s disaster cc workers(i believe they are afsme)are doing running countycare
Outsourced medicaid HMO’s seem to be working, at least from my perspective. Hospitals seem to be performing far fewer unnecessary treatments on medicaid patients these days. The days of the full CT/MRI workup for a minor fender bender or work place injury are over. If you seem OK, then you are discharged and referred to your primary care physician for follow up. I’ve seen ER bills for $300 come across my desk. $300 bills that’s like 1980’s pricing. Personal injury attorneys don’t seem to happy about it though.