October 4, 2018 | by Healthcare Weekly Staff

Illinois’ Healthcare Debt

Simply put, this piece of Illinois healthcare news doesn’t look good for the state’s teachers or its residents.

Every adult in Illinois is on the hook for $4,000 in retired teacher healthcare costs, according to a Bellwether Education Partners study, released on Tuesday, September 18, 2018. The state owes $54 billion in future health care costs, ranking as the sixth most in-debt place out of all states based on the adult population. Chad Aldeman of Bellwether Education Partners offered a handful of solutions for managing the growing bills from healthcare.

In one scenario, the state could rescind coverage of retirees making more than a certain amount. “The state is providing retiree benefits even to a retired superintendent who’s making $150,000 or $200,000 a year in a pension and they get free healthcare on top of that,” Aldeman said. “That may not be a good use of public dollars.”

Healthcare Weekly Staff
Healthcare Weekly Staff

The Healthcare Weekly staff brings you the latest in healthcare innovation, technology, news and more.

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