Illinois Uses Special Tax to Get More Medicaid Funding

Shields, Yvette
December 2004
Bond Buyer;12/30/2004, Vol. 350 Issue 32040, p3
Trade Publication
The article reports that Illinois uses special tax to get more medicaid funding. Illinois expects to receive an additional $430 million in Medicaid funding next year following federal approval last week of a complicated funding plan program previously adopted by the state Legislature. Under the legislation approved in late 2003 and signed in February by Governor Rod Blagojevich, hospitals and other healthcare facilities will pay a special tax based on the number of patients. All the funds will flow back to hospitals and other providers in the form of Medicaid reimbursement.


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