House bill 1027 could bring $1.3 billion to Illinois hospitals
(Springfield, Ill.) Illinois State Senator John Sullivan announced a short term borrowing plan that will allow hospitals across the state to get millions of dollars in federal funds.
House Bill 1027, also known as the Inter-fund Borrowing Act of 2009 allows hospitals to recapture taxes paid under the Hospital Assessment Plan that was passed last year.
If the bill is signed into law, Illinois Hospitals would receive about $1.3 billion a year.
Here are a few hospitals from the Tri-State area that will receive funds.
Blessing Hospital (Quincy) - $6,893,039
Memorial Hospital (Carthage) - $411,215
Mason District Hospital (Havana) - $454,256
McDonough District Hospital (Macomb) - $1,192,416
OSF Holy Family Medical Center (Monmouth) - $259,755
Sarah D Culbertson Memorial Hospital (Rushville) - $458,426
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