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Chicago Faces $67 Million Shortfall After Obamacare’s Medicaid Expansion Busts Budget
The Daily Caller ^ | 7/14/2014 | Sarah Hurtubise

Posted on 07/16/2014 7:31:51 AM PDT by Politico2isBack

Edited on 07/16/2014 7:32:31 AM PDT by Sidebar Moderator. [history]

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, Crain’s Chicago Business reports.

Cook County, which encompasses Chicago and its surrounding suburbs, made a deal with the Obama administration to get an early start on the health care law’s Medicaid expansion in 2012.


(Excerpt) Read more at dailycaller.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: 0carenightmare; chicago; cook; medicaidexpansion; obamacare
Link to Crain's Business story: http://www.chicagobusiness.com/article/20140712/ISSUE01/307129980/new-cook-county-health-ceo-must-find-millions-in-savings-stat
1 posted on 07/16/2014 7:31:51 AM PDT by Politico2isBack
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To: Politico2isBack

Unexpected.


2 posted on 07/16/2014 7:33:19 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Politico2isBack

tough toenails, people tried to warn ‘em


3 posted on 07/16/2014 7:33:56 AM PDT by yldstrk ( My heroes have always been cowboys)
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To: Politico2isBack

What will Rahm Emmanuel do????

I’ve heard that Chicago has some bizarre financial policies.

For example, they leased out city parking meters to a private firm, for a 75 year lease. The city was advanced expected revenues from the parking meters up front, while the company collects parking meter money for the next 75 years.

I also heard that Chicago spent the 75 year lump sum of parking revenue in 3 years. So they clearly need help with money management.


4 posted on 07/16/2014 7:34:57 AM PDT by Dilbert San Diego (s)
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To: Politico2isBack

Weren’t two prominent Chicagoans named Ezekiel involved in producing Obamacare? I can’t even work up the sympathy to break out my tiny violin.


5 posted on 07/16/2014 7:36:54 AM PDT by Paine in the Neck (Socialism consumes EVERYTHING)
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To: Politico2isBack

We tried to convey those concerns to others in this country, but were met with charges of “racism.”

So, bite it, Chicago. Couldn’t happen to a better place.


6 posted on 07/16/2014 7:37:23 AM PDT by ScottinVA (If it doesn't include border security, it isn't "reform." It's called "amnesty.")
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To: Dilbert San Diego
I also heard that Chicago spent the 75 year lump sum of parking revenue in 3 years

Sounds like Hillary and Bill Clinton burning through their book advances in record time.

7 posted on 07/16/2014 7:38:48 AM PDT by ScottinVA (If it doesn't include border security, it isn't "reform." It's called "amnesty.")
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To: Dilbert San Diego

Poetic justice gets visited upon Chicago for giving us the “community organizer”.

Cloward-Piven unleashed upon the very venue which nourished it so well over the years, as long as it was somebody else paying the bills.


8 posted on 07/16/2014 7:40:18 AM PDT by alloysteel (Most people become who they promised they would never be.)
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To: Politico2isBack

Unfortunately, down state tax payers will end up covering Chicago’s short fall.


9 posted on 07/16/2014 7:40:42 AM PDT by Proangel (ASA Vet)
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To: Dilbert San Diego
What will Rahm Emmanuel do????

As he always does... not letting a crisis "go to waste." Though it's now a crisis on HIS watch.

10 posted on 07/16/2014 7:40:43 AM PDT by ScottinVA (If it doesn't include border security, it isn't "reform." It's called "amnesty.")
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To: Paine in the Neck
Weren’t two prominent Chicagoans named Ezekiel involved in producing Obamacare?

Emmanuel, not Ezekiel, of course.

11 posted on 07/16/2014 7:41:10 AM PDT by Paine in the Neck (Socialism consumes EVERYTHING)
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To: Politico2isBack
Cook County, which encompasses Chicago and its surrounding suburbs, made a deal with the Obama administration

What idiot would make any "deal" with the Obama administration?

12 posted on 07/16/2014 7:42:46 AM PDT by Cementjungle
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To: Politico2isBack

Guns kill and injure a very large number people in Chicago. They could send the injured to VA hospitals. This would save many millions of dollars.


13 posted on 07/16/2014 7:42:55 AM PDT by umgud (I couldn't understand why the ball kept getting bigger......... then it hit me.)
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To: Dilbert San Diego

Yeah, I don’t doubt that they are doing that all over the place...

selling long term income sources for lump sums that get spent immediately is a scheme that many poor planners, and thieves, do all the time.


14 posted on 07/16/2014 7:45:09 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: umgud

Slight correction - they could put the injured on the VA waiting lists instead of sending them to the hospitals directly.


15 posted on 07/16/2014 7:45:53 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: ScottinVA

Maybe Rahm can raise taxes in Chicago, and drive more of the remaining middle class and businesses out of the city???

Which would of course make his problems in the out years even worse. But, I’m sure he focused on putting a lid on this sort of financial problem until after he’s re-elected. Election is in early 2015, I believe??

This may sound odd, to raise taxes, etc. when running for re-election. But based on the voters of Chicago, many of whom don’t work or own businesses or own property, they may not care that taxes were raised. He may get re-elected even if he sticks it to the middle class homeowners and the business community.


16 posted on 07/16/2014 7:46:50 AM PDT by Dilbert San Diego (s)
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To: Politico2isBack

No worries. The State can just redistribute some more.


17 posted on 07/16/2014 7:46:53 AM PDT by LALALAW (one of the asses who's sick of our "ruling" classes)
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To: Paine in the Neck

Ezekiel Emmanuel is Rahm Emmanuel’s brother. Ezekiel was involved with Obamacare. I think Ezekiel was a high level adviser to Obama and Democrats on Obamacare.


18 posted on 07/16/2014 7:48:13 AM PDT by Dilbert San Diego (s)
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To: Dilbert San Diego

What about his other brother, Leviticus?


19 posted on 07/16/2014 7:49:24 AM PDT by dfwgator
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To: dfwgator

I thought his name was Melchizedek?


20 posted on 07/16/2014 7:51:04 AM PDT by mothball
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To: Dilbert San Diego
Ezekiel Emmanuel is Rahm Emmanuel’s brother. Ezekiel was involved with Obamacare. I think Ezekiel was a high level adviser to Obama and Democrats on Obamacare.

I know, I know. I just inadvertently typed the first name rather than the surname. Need more proofread.

21 posted on 07/16/2014 7:58:54 AM PDT by Paine in the Neck (Socialism consumes EVERYTHING)
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To: mothball

I think his name is Dumb Ass.


22 posted on 07/16/2014 8:02:25 AM PDT by Henry Hnyellar
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To: Politico2isBack

Isn’t the Federal Government picking up most of the tab initially for the medicaid expansion ? Wasn’t that a selling point to the states ? The reason a lot of the repub governors didn’t expand medicaid.


23 posted on 07/16/2014 8:09:37 AM PDT by evaporation-plus
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To: alloysteel

True ‘poetic justice’ for the Democratic swine in and out of government in the Chicongo area would be for the perimeter to be mined to prevent escape, followed by organ donering the swine. Then call Alpo for bids on the remainder.

Problem solved.


24 posted on 07/16/2014 8:09:44 AM PDT by GladesGuru (Islam Delenda Est. Because of what Islam is - and for what Muslims do.)
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To: MrB

They probably figured in a few years there won’t be enough people working to be driving thus parking revenue will be nil. So they took what they could get. Now the stupid people who bought them will be stuck holding the snipe bag.


25 posted on 07/16/2014 8:16:09 AM PDT by VerySadAmerican (Liberals were raised by women or wimps. And they're all stupid.)
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To: Paine in the Neck

I believe you are referring to Dr. Ezekiel Emmanuel, Rahm’s brother.


26 posted on 07/16/2014 8:16:10 AM PDT by expat2
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To: MrB

This is known as a ‘bust-out’ in Chicago looting of bars, etc. What O is doing to the US is the biggest bust-out ever.


27 posted on 07/16/2014 8:18:19 AM PDT by expat2
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To: expat2
I believe you are referring to Dr. Ezekiel Emmanuel, Rahm’s brother.

Both. See reply #21

28 posted on 07/16/2014 8:23:04 AM PDT by Paine in the Neck (Socialism consumes EVERYTHING)
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To: Oldeconomybuyer

Chicago needs a crap load more Illegals to help them get out of this hole


29 posted on 07/16/2014 8:23:35 AM PDT by molson209 (Blank)
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To: evaporation-plus

Initially, yes. I think it goes away after three years.

Obama, iirc, was a dealer back in his youth. So understood well the “first one is always free” tactic to hook the weak and gullable.


30 posted on 07/16/2014 8:27:27 AM PDT by tanknetter
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To: tanknetter
Initially, yes. I think it goes away after three years.

And they are having problems already !
31 posted on 07/16/2014 8:39:54 AM PDT by evaporation-plus
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To: Dilbert San Diego
He may get re-elected even if he sticks it to the middle class homeowners and the business community.

How any middle-class resident or business owner can manage to make a go in that cesspool is beyond me.

32 posted on 07/16/2014 12:07:41 PM PDT by ScottinVA (If it doesn't include border security, it isn't "reform." It's called "amnesty.")
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To: MrB

“selling long term income sources for lump sums that get spent immediately is a scheme that many poor planners, and thieves, do all the time.”

They consider it a win win. They get a quick fix for their addiction and it serves as an example against privatization that they can bring up endlessly.


33 posted on 07/16/2014 12:16:57 PM PDT by Lurkina.n.Learnin
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To: Lurkina.n.Learnin

One of the places I’ve seen this, over and over again, is in martial arts schools.

They set up contracts where you pay X per month. But, you’re paying X per month on a LOAN that they take out with a finance company. The school owner gets a lump sum minus the interest over the period of the “contract”. Invariably, he’ll spend it all in a shorter term than the length of the contract, then come up with some other “program” that people get roped into to make up the gap.


34 posted on 07/16/2014 12:35:37 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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