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Group health insurance bills climbed during the State’s budget impasse in FY2016 and FY2017, when the program received no general operating funds. About $4 billion from last fall’s sale of backlog bonds was used to pay down group health bills. As a result, the amount of unpaid health insurance bills declined to $1.6 billion at the end of February 2018 from $5.2 billion in October 2017, according to a recent report by the Illinois General Assembly’s Commission on Government Forecasting and Accountability (COGFA).
COGFA’s report also provides information about how long it currently takes the State to pay its bills. For group health insurance bills, the delay is as much as 309 days, still high but significantly lower than 734 days a year ago.
The COGFA report is here.
posted by Rich Miller
Tuesday, Apr 10, 18 @ 9:56 am
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The state should adopt Medicare’s payment schedule (both the rates paid and the prompt timing)
Comment by Dan Johnson Tuesday, Apr 10, 18 @ 1:06 pm
The whole Rauner agenda was willful sabotage and reckless fiscal irresponsibility — and now he’s going to run like he had nothing to do with it.
Comment by wordslinger Tuesday, Apr 10, 18 @ 1:30 pm
==willful sabotage and reckles fiscal irresponsibility==
Couldn’t be more correct. But for what purpose?
Comment by Anonymous Tuesday, Apr 10, 18 @ 2:24 pm
$4B later we are back to where we were before Rauner messed with it … still running about a year behind when it should be 3 months or so.
Comment by RNUG Tuesday, Apr 10, 18 @ 2:28 pm