The for-profit insurance companies running Illinois Medicaid collected hundreds of millions of dollars in extra profits during the COVID-19 pandemic — much of it for services never provided to patients,
In a followup email earlier this month, Eagleson’s top spokeswoman said, “purely as a snapshot in time, initial incomplete figures indicate HFS would recoup over $120 million” from the insurance firms for calendar year 2020. Those funds will come through a program called a “risk corridor” that reallocates money if the companies exceed or fall short of targets for medical care.
“Illinois was one of the first states in the country to implement risk corridors during the pandemic to further restrict possible profit margins,” said Jamie Munks, Eagleson’s spokeswoman. “We will recoup more from the health plans than we otherwise would have.”
Illinois Leaks | Supreme Court confirms Frank Mautino Campaign violated Illinois State Election Law edgarcountywatchdogs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from edgarcountywatchdogs.com Daily Mail and Mail on Sunday newspapers.
17,200 people in Illinois file for unemployment benefits Around 1,000 fewer Illinoisans filed for unemployment last week than the week before, but there were still more than 17,200 initial claims filed. .