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Lawmakers Okay Borrowing to Pay for Medicaid Bills
State payments could be on the way to healthcare providers across Illinois. The Senate passed a $250 million borrowing plan, just one day after the measure initially failed by one vote.

The borrowed money will receive a federal match, which means $650 million in total will be available to pay Medicaid costs. State Sen. Donne Trotter (D-Chicago) sponsored the measure. He says the state is behind schedule on payments to providers by as much as 120 days.

Republicans oppose the measure. State Sen. Matt Murphy (R-Palatine) says borrowing more money will not solve the state's fiscal mess and will only create more economic problems, like additional debt.

The money does not have to be paid back in fiscal year 2010, but it must be paid back within one calendar year. SB 1425 now heads to the governor's desk to be signed.

(Illinois Radio Network)
03 08 10 by Newsroom
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