Skip to comments.Chicago Faces $67 Million Shortfall After Obamacare’s Medicaid Expansion Busts Budget
Posted on 07/16/2014 7:31:51 AM PDT by Politico2isBackEdited 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.
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tough toenails, people tried to warn ‘em
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.
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.
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.
Sounds like Hillary and Bill Clinton burning through their book advances in record time.
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.
Unfortunately, down state tax payers will end up covering Chicago’s short fall.
As he always does... not letting a crisis "go to waste." Though it's now a crisis on HIS watch.
Emmanuel, not Ezekiel, of course.
What idiot would make any "deal" with the Obama administration?
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.
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.
Slight correction - they could put the injured on the VA waiting lists instead of sending them to the hospitals directly.
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.
No worries. The State can just redistribute some more.
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.
What about his other brother, Leviticus?
I thought his name was Melchizedek?
I know, I know. I just inadvertently typed the first name rather than the surname. Need more proofread.
I think his name is Dumb Ass.
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.
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.
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.
I believe you are referring to Dr. Ezekiel Emmanuel, Rahm’s brother.
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.
Both. See reply #21
Chicago needs a crap load more Illegals to help them get out of this hole
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.
How any middle-class resident or business owner can manage to make a go in that cesspool is beyond me.
“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.
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.