Chicago Faces $67 Million Shortfall After Obamacare’s Medicaid Expansion Busts BudgetAMERICA does not buy DAILY CALLER lies, only IGNORANT TEA bags. Get a grip and guzzle that Limbaugh nut juice.
Tue, July 15, 2014
Crain’s Chicago Business reports Chicago’s public health system is facing a massive $67 million shortfall after an early adoption of Obamacare’s Medicaid expansion cost much more than expected.
An unwelcome surprise from the Cook County health system
July 14, 2014
CountyCare — that's Cook County's attempt to leverage federal dollars through a Medicaid managed care program — is in a heap of trouble. Expenses outstripped revenues by $21 million in the first six months of the county's fiscal year, through May 31.
The shortfall is expected to grow to $63.5 million by the end of the fiscal year, Nov. 30. That's driving a projected $85.9 million shortfall in the 2014 Cook County budget.
Next year looks grim, too: Cook County Board President Toni Preckwinkle projects a $168.9 million deficit for the county in fiscal 2015, which starts Dec. 1, including a $50 million deficit in the health care system.