IL Seeks $2B Loan To Cover Medicaid Bills
Excellent credit risk, right?
SPRINGFIELD — Like any person who has a huge stack of unpaid bills, the state of Illinois has terrible credit. But lawmakers at the statehouse want to borrow $2 billion none the less.
An Illinois House panel on Wednesday approved a plan to borrow $2 billion to pay Illinois' 6-month-old stack of unpaid Medicaid bills.
"This is money we owe," said state Rep. Barbara Flynn Currie, D-Chicago. "We can talk all we want about the problems that remain on the table … But in the meantime, we owe these providers real money."
