Republican Gov. Bruce Rauner signed legislation March 12 to create a Medicaid funding plan for Illinois hospitals, according to a WSIU report.
The legislation redesigns Illinois' hospital assessment program, which provides federal Medicaid funding to hospitals and is especially crucial for organizations serving a large number of Medicaid beneficiaries.
The current assessment program is set to expire at the end of June. However, the newly signed legislation means Illinois hospitals could receive billions of dollars in Medicaid money if the federal government signs off on the revised program, reports WSIU.
Until the revised program is approved, the current program will remain in place. WSIU reports the approval process could take as long as a year.
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