ALSO, THE, the $2.7 billion actually translates into only $1.3 billion in savings, according to Progress Illinois. The rest is money Illinois will not see in its federal Medicaid reimbursement. The Federal government reimburses half or more of each state's Medicaid costs.
WITH MEDICAID cuts, UIC’s Medical Center can expect to see fewer Medicaid patients and lose some vital revenue that those patients provide UIC for their healthcare needs.
THE BILLS officially become law July 1.