A long-awaited redesign of a program for distributing Medicaid money to hospitals across Illinois was approved Wednesday by state lawmakers.
Gov. Bruce Rauner is expected to sign the legislation, which revamps the $3.5 billion hospital assessment program that provides more than half of hospitals’ Medicaid funding.
The federal Centers for Medicare & Medicaid Services must approve the program before the current policy sunsets June 30, though if that doesn’t happen in time there is a bridge provision in the legislation to extend the current policy until the new one gets federal approval.
Meanwhile, two South Side hospitals whose budgets are squeezed by the new...