The Illinois Health Facilities Authority is considering new ways to get needed cash to hospitals, nursing homes, and pharmacists that are owed more than $600 million in Medicaid reimbursements by the state.

Two plans, which are still in their formative stages, were proposed by public finance officials at Kemper Capital Markets and Lehman Brothers. The plans would leverage the money the state owes the Medicaid providers to raise cash for them.

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