CHICAGO — The Illinois Finance Authority expects to launch a program in the coming months that links state Medicaid providers with private investors willing to purchase overdue payment vouchers in case lawmakers fail to act on Gov. Pat Quinn’s $2 billion borrowing plan to ease the state’s liquidity crisis.

The program received preliminary approval from the authority’s board at its meeting this week. Some details are still being finalized but the program could be ready in the next few months if lawmakers reject pressure from Quinn to borrow to pay down Medicaid bills.

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