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  • Illinois sees greater decrease in uninsured population than rest of nation, most surrounding states in first year of ACA implementation | Institute of Government and Public Affairs
    download here PDF published today by the University of Illinois Institute of Government and Public Affairs the proportion of non elderly i e 64 or younger Illinoisans without health insurance decreased by 2 6 percentage points from 15 7 percent to 13 1 percent This is a larger decrease than in the rest of the U S 2 1 percent Indiana 1 2 percent and Iowa 0 08 percent In Michigan and Wisconsin uninsured numbers increased each by 0 1 percent Only two neighboring states fared better than Illinois Missouri 3 3 percent and Kentucky 5 6 percent Two factors likely contributed to Illinois numbers Medicaid expansion and the Health Insurance Marketplaces said health economist Robert Kaestner who authored the policy brief using new data from the U S Census Bureau Illinois expanded Medicaid whereas Indiana and Wisconsin did not Michigan expanded but imposed co pays and premiums Missouri did not expand Medicaid but saw a substantial rise in Medicaid enrollment likely due to increased unemployment between 2013 and 2014 Although Medicaid expansion comes at a cost for Illinois it was effective in getting people insured Kaestner said Kentucky experienced the second largest decrease in uninsured population in the nation despite job growth well below average which can likely be attributed to its widely praised state run health insurance marketplace Like Kentucky Illinois experienced slower job growth than the rest of the nation and greater growth in private health insurance coverage The Health Insurance Marketplaces played an important and effective role in Illinois by allowing people to obtain private insurance through avenues beyond their employer Kaestner said The decrease in the uninsured was particularly large for low educated Illinoisans Among those aged 18 to 64 with a high school education or less the uninsured rate decreased by 5 7 percentage

    Original URL path: http://igpa.uillinois.edu/content/illinois-sees-greater-decrease-uninsured-population-rest-nation-most-surrounding-states (2016-02-17)
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  • Flash Index remains in narrow one-point range for eighth month: Growth finally having effect on unemployment | Institute of Government and Public Affairs
    range for eighth month Growth finally having effect on unemployment The U of I Flash Index rose in September to 106 3 from its 106 0 level in August remaining in the narrow range 106 0 106 8 it has hovered between over the past eight months Readings above 100 mean that the economy is growing The state economy has been on a gradual uphill climb since breaking 100 in March 2012 By September 2012 the index was 102 9 and increased quickly over the following year reading 107 0 in September 2013 However it has fluctuated in the 106 107 2 range since that time This slow growth is finally having an effect on the state s unemployment rate which is now 6 7 percent said J Fred Giertz who compiles the Flash Index for the University of Illinois Institute of Government and Public Affairs This time last year the rate was 9 2 percent The current rate is still above the U S average of 6 1 percent but the 0 6 percentage point differential has been reduced from 2 0 percentage points a year ago There was also good news in regard to the national economy where the revised GDP growth rate for the second quarter was a robust 4 6 percent Giertz said This indicates a strong rebound after the weather related decline is the first quarter of 2014 Two components of the index the individual income tax and sales tax receipts were up in real terms from the same month last while there was a decline in corporate tax receipts The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation before growth

    Original URL path: http://igpa.uillinois.edu/flash-index/2014/september-2014 (2016-02-17)
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  • Flash Index dips slightly in August | Institute of Government and Public Affairs
    of Public Leadership Regional Economics Applications Laboratory Flash Index dips slightly in August The U of I Flash Index fell slightly in August to 106 0 from its 106 2 level in July The index has fluctuated in this narrow range 106 0 to 106 2 for the past four months While growth in the Illinois economy remains positive and steady 100 is the dividing line between growth and decline the Illinois economy still lags the national economy The Illinois unemployment rate did however fall below 7 0 percent to 6 8 percent for the first time since 2008 It now exceeds the national level by only 0 6 of a percentage point compared to a nearly two percentage point differential several years ago All three components of the index the individual income tax corporate tax and sales tax receipts were down slightly in real terms from the same month last year The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation before growth rates are calculated The growth rate for each component is then calculated for

    Original URL path: http://igpa.uillinois.edu/flash-index/2014/august-2014 (2016-02-17)
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  • Flash Index shows economy is finally rebounding from harsh winter | Institute of Government and Public Affairs
    Applications Laboratory Flash Index shows economy is finally rebounding from harsh winter The U of I Flash Index rose slightly in July to 106 2 from its 106 0 level in June The index has remained in the 106 0 to 106 2 range for the past four months This indicates that the Illinois economy continues to grow because the rate has consistently stayed above 100 the dividing line between growth and decline It appears that the national and Illinois economy have rebounded after the severe winter said J Fred Giertz who compiles the Flash Index for the University of Illinois Institute of Government and Public Affairs Recently released preliminary results for the second quarter of 2014 show a 4 0 percent increase in GDP This is a marked improvement from the more than 2 percent decline that occurred in the first quarter The question now is whether the second quarter momentum will continue the remainder of the year Giertz said Is the higher growth rate simply a catch up effect after the slow first quarter Or has the economy moved into a sustained faster growth environment Employment numbers also brought good news for Illinois The state unemployment rate fell to 7 1 percent in July This time last year the rate was 9 2 percent However the Illinois rate remains one percentage point above the national rate Both individual income tax and corporate tax receipts were down slightly in real terms from the same month last year while sales tax receipts were ahead of last year The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation before growth rates are calculated The growth rate for each

    Original URL path: http://igpa.uillinois.edu/flash-index/2014/july-2014 (2016-02-17)
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  • Slight decline in Flash Index reflects lingering effects of harsh winter on economy | Institute of Government and Public Affairs
    of harsh winter on economy The Flash Index fell slightly in June to 106 0 from its 106 2 level in May The index has remained in a narrow range of 106 0 to 107 2 over the past year This reflects slow steady growth of the Illinois economy 100 is the dividing line between growth and decline However the index has remained in the low end of this range for the past six months after hitting 107 2 in January The lower recent readings likely reflect the unusually harsh winter said J Fred Giertz who compiles the index for the University of Illinois Institute of Government and Public Affairs The winter resulted in a surprising 2 9 percent decrease in national GDP during the first quarter of 2014 Most observers view this as a blip in the recovery and expect the economy to grow more rapidly over the remainder of the year Giertz said However it is unlikely that growth for 2014 will reach the 3 percent range experienced in the last half of 2013 Growth in the lower 2 percent range is now more likely a continuation of the slow recovery Unemployment in Illinois continued to decline falling to 7 5 percent from 7 9 percent in May This rate is still 1 2 percentage points above the national level of 6 3 percent This differential is declining compared to last year when Illinois was two points above the national average Both individual income tax and sales tax receipts were up in real terms from the same month last year while corporate tax receipts declined The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation

    Original URL path: http://igpa.uillinois.edu/flash-index/2014/june-2014 (2016-02-17)
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  • Flash Index up in May, reverses three months of decline | Institute of Government and Public Affairs
    Leadership Regional Economics Applications Laboratory Flash Index up in May reverses three months of decline The U of I Flash Index rose slightly in May to 106 2 from its 106 0 level in April reversing three months of decline The index reached its post recession peak in January and then declined slightly each month until May Throughout 2014 the index has stayed above 100 the dividing line between economic growth and contraction Recently revised results for national GDP growth during the first quarter of 2014 indicate that the national economy actually declined by 1 percent during this period which is consistent with the lower Flash Index readings the preceding months As noted last month most observers believe that this is the result of the unusually harsh winter and does not suggest a long term decline in economic activity said J Fred Giertz who compiles the Flash Index for the Institute of Government and Public Affairs The announcement of the first quarter decline had little if any impact on the financial markets There was good news in regard to unemployment in the state the unemployment rate fell to 7 9 percent from 8 4 percent the previous month This is a positive trend but Illinois unemployment rate is still well above the national average of 6 3 percent and is very high for this stage of the recovery Both individual income tax and sales tax receipts were up slightly in real terms from the same month last year while corporate tax receipts declined The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation before growth rates are calculated The growth rate for each component is then calculated

    Original URL path: http://igpa.uillinois.edu/flash-index/2014/may (2016-02-17)
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  • Flash Index reflects national slow-down | Institute of Government and Public Affairs
    to 106 from its 106 5 level in March This is the third month of decline for the index which reached a post recession high of 107 2 in January This decline is consistent with recently released preliminary national data reporting that first quarter GDP growth was near zero a rate of 0 1 percent This disappointing result may reflect the unusually harsh winter said J Fred Giertz who complies the index for the University of Illinois Institute of Government and Public Affairs If this is the case the economy may eventually grow faster in the second quarter making up some of this loss The Illinois unemployment rate fell to 8 4 from 8 7 percent in February This improvement is tempered by the fact that Illinois rate is well above the 6 7 percent national rate and exceeded by only Rhode Island and Nevada Both individual income and corporate tax receipts were down significantly in real terms from the same month last year while sales tax receipts were up moderately The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales

    Original URL path: http://igpa.uillinois.edu/flash-index/2014/april (2016-02-17)
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  • Flash Index shows slow-down in economic growth after acceleration in last half of 2013 | Institute of Government and Public Affairs
    Leadership Regional Economics Applications Laboratory Flash Index shows slow down in economic growth after acceleration in last half of 2013 The Flash Index fell in March to 106 5 from its 106 8 level in February This is the second month of decline for the index which stood at 107 2 in January The lower readings suggest a somewhat slower rate of growth for the state However the Illinois economy is still expanding any reading over 100 indicates growth The index has remained in a narrow range from 106 3 to 107 2 the last ten months see archive here The slow down is consistent with revised national estimates by some financial analysts of less than 2 percent GDP growth in the first quarter of 2014 This contrasts with higher growth rates for the last half of 2013 However according to J Fred Giertz who complies the Flash Index for IGPA there are expectations that growth will pick up again in the second quarter after the unusually severe winter While moving downward in 2014 the Illinois unemployment rate still stands at 8 7 percent a full two percentage points above the national average Illinois continues its painfully slow recovery from the recession that technically ended almost five years ago All tax receipts individual income corporate and sales taxes were up modestly in real terms from the same month last years However the increase this year from last year was considerably smaller than last year s increase which explains the fall in the index The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation before growth rates are calculated The growth rate for each component is then calculated

    Original URL path: http://igpa.uillinois.edu/flash-index/2014/march-2014 (2016-02-17)
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