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Report: State Using Poor Accounting Methods for Medicaid Payments

Report: State Using Poor Accounting Methods for Medicaid Payments

Photo: Newsradio WTAX

Federal auditors have found that Illinois used faulty methods for withdrawing federal Medicaid money, resulting in overdraws the state later had trouble repaying  in a report issued today (Monday).

The report says Illinois created “a perpetual ‘treadmill effect'” as it continued to overdraw and repay later.  The state’s withdrawals exceeded its spending by an average of $60 million per quarter during the three years reviewed by the auditors.

The report says the federal government may have lost as much as $792,000 in interest because the state repaid the money two to six months later.

Illinois Department of Healthcare and Family Services Director Julie Hamos said in a response to the audit that her department is addressing the problem.

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Today in entertainment history: Nov. 24

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FILE- This is a 1967 handout image from Parlophone of The British group, The Beatles,. From left, are: Ringo Starr, John Lennon, Paul McCartney; and George Harrison. The woman who as a child was the basis for the Beatles song "Lucy in the Sky with Diamonds" is gravely ill. It was thought by many at the time that the psychedelic song from Sgt. Pepper's Lonely Heart Club Band was a paean to LSD because of the initials in the title, but it was actually based on a drawing that John Lennon's young son Julian brought home from school. He told his father the drawing was of Lucy in the sky with diamonds. Lucy Vodden, now living in Surrey just outside of London _ drifted apart after schoolyard days, but they have gotten back in touch as Lennon has tried to help Vodden cope with Lupus, a life-threatening disease.

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