News

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.

Recent Headlines

in Entertainment

This weekend in entertainment history

beatles

A look back on some of Hollywood's most memorable moments.

in Entertainment

TLC cancels ‘Honey Boo Boo’

honeybooboo

The hit reality TV show is off the air after allegations family matriarch Mama June is dating a convicted sex offender.

in Entertainment

Christian Bale to play Steve Jobs in new biopic

bale

The "Dark Knight" star will portray the late Apple Computer co-founder.