CHICAGO -- Illinois Gov. Jim Edgar's plan to restructure $1.5 billion of the state's outstanding debt to pay overdue Meclicaid bills hit a major snag Wednesday when Democratic leaders in the legislature announced their opposition to the plan.

Illinois House Speaker Michael Madigan, D-Chicago, said Edgar's plan is a "debt payment holiday" that would cost taxpayers at least $200 million in additional interest accordins to Steve Brown, Madigan's press secretary. Madigan formed his position on the plan after holding House committee hearings over the last month, accruing to a press release.

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