Quinn signs Illinois Medicaid cuts restoration

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CHICAGO (AP) — Gov. Pat Quinn signed a law Monday that would restore some Medicaid cuts the state made in 2012 and could give Illinois access to about $2.4 billion in federal money over the next few years.

The new law seeks about $400 million in federal matching funds for the approximately 349,000 new Medicaid sign-ups in Illinois under the Affordable Care Act expansion. The other money would come from extending the state’s hospital assessment programs over four years. Illinois hospitals pay a tax to the state for federal Medicaid matching funds and that money gets redistributed to health care providers.

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