The problem When the Affordable Care Act, otherwise known as ACA or ObamaCare, was first implemented, more than three out of 10 physicians across the country were not accepting new patients in Medicaid, a joint state-federal program that is meant to cover the costs of providing health care to the poor. But rather than offering...
Since the Great Recession began, Illinois’ workforce participation has dropped more than that of any other state in the Midwest. That means that working-age Illinoisans have given up and left the workforce more rapidly than in surrounding states. A full 3.9 percent of Illinois’ adult population has quit the workforce since January 2008. The state’s...
An online transparency bill inspired by the shocking Rita Crundwell corruption scandal that cost Dixon, Ill. taxpayers more than $53 million will take effect starting Jan. 1, 2015. House Bill 5503, introduced by state Rep. Tom Demmer, R-Dixon, will require Illinois counties and municipalities to be more transparent about how they spend taxpayer dollars. The...
Perusing Gov. Pat Quinn’s website, one can easily find calls for increasing Illinois’ minimum wage to $10 from $8.25. Just a few clicks away is an application to work for the governor, full time: for free. If Quinn did what he says he wants every Illinois employer to do – pay these workers $10 an...
The problem Skyrocketing retirement costs for Illinois’ state and local government workers are wreaking havoc on governments’ ability to provide core services such as public safety, education and infrastructure. States and cities across the nation continue to struggle with massive pension and health-care costs, which force residents to pay higher taxes and fees to receive...
According to cancer-patient advocate Robert Goldberg, “The latest innovation in cancer care isn’t a medical breakthrough but an app to ration new drugs. It’ll measure care in terms of what it costs health plans, instead of what it means for patients’ lives.” This “innovation” may be used to conceal the best-available cancer treatment options from...
In a creative-accounting maneuver that would make Wall Street proud, Chicago Public Schools’ leadership fashioned a 14-month year for fiscal year 2015. CPS is adding 60 days to its 2015 calendar, allowing it to “generate” one-time revenues of nearly $650 million – just enough to cover its skyrocketing pension costs and help balance its budget....
Since the U.S. Supreme Court issued its ruling in Harris v. Quinn, union supporters – including many politicians who have benefitted from union support themselves – have written articles and statements bemoaning the decision. These pieces have been notable for the things they don’t talk about: who the plaintiffs actually were and what the court...
Standard & Poor’s Rating Services revised Illinois’ credit outlook to “negative” from “developing” on July 23. Illinois’ current S&P rating is A-, the lowest of any state in the country. With this revision, S&P and the other major rating agency in the country, Moody’s Investors Service, are once again on the same page. Both companies...
Pennsylvania is the latest state to receive a Moody’s Investors Service credit downgrade. The drop was largely due to the state’s growing pension crisis. Moody’s issued the following statement with its credit downgrade of Pennsylvania to Aa3 from Aa2: “The downgrade of the general obligation rating to Aa3 reflects the commonwealth’s growing structural imbalance …...
On June 30, the U.S. Supreme Court ruled that Gov. Pat Quinn was wrong to issue an executive order that forced the unionization of Illinoisans who are not state workers. This groundbreaking ruling asserts that state governments cannot force-unionize participants in state entitlement programs or force them to pay union dues as a condition of...
Two federal appeals courts issued conflicting decisions about the future of ObamaCare on Tuesday. In one, the Halbig v. Burwell decision, the U.S. Court of Appeals for the D.C. Circuit ruled that the Affordable Care Act means what it says: ObamaCare insurance subsidies are only available in states that have established their own health-insurance exchanges,...
It’s ironic that Detroit government workers and pensioners, on the one-year anniversary of the Motor City’s bankruptcy, have voted to cut their own pensions. Their vote is part of a “grand bargain” bankruptcy restructuring that seeks private, philanthropic and state funds to help avoid massive cuts in government pensions. The bargain reduces Detroit’s debt by...
Most millennials don’t trust Social Security, according to a spring 2014 survey from Reason-Rupe: The report found that: “Fifty-three percent of millennials say Social Security is ‘unlikely’ to exist when they are 67 years old, while 45 percent say it probably will remain. But if it does exist at that time, even fewer millennials believe...