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An Important Message from Secretary of Financial and Professional Regulation,
Brent E. Adams

May 25, 2012

Dear Financial and Professional Regulation Stakeholder:

Yesterday, the Illinois General Assembly passed Senate Bill 2840, a key part of Governor Quinn's proposal for Medicaid restructuring.
 
But there is more work to do.  Adding a dollar a pack to the cost of cigarettes would - combined with yesterday's legislation - achieve the necessary $2.7 billion in savings to rescue Medicaid.  Raising the price of cigarettes is also sound health policy; smoking-related conditions are a significant burden on our Medicaid system, and this measure will improve the health of our people and reduce future Medicaid costs.

Sincerely,

Brent E. Adams
Secretary of Financial and Professional Regulation