Slabbed literally has lifers that go back way far back but there are just a handful that were there for the prequel, Nowdy being in that number. As I watch the Singing River Health System disaster unfold I’m reminded of old business because I’m seeing it connect in certain ways to that which is now before us. And at the bottom are the vested participants in the plan.
I think the commenters are making a case that the Jackson County Board of Supervisors is stalling for time to avoid revealing the truth because the truth in this instance is very ugly. Anyone that can read a financial statement can see how bad it is when it is adjusted for the fraudulent financial reporting related to patient receivables. When you adjust the numbers and run rudimentary financial analysis, the tax increase needed to honor the promises made to the vested plan participants would be staggering.
There are other options. I have colleagues that have suggested to me that privatizing the two hospitals under one operator would be the better option, a process Jefferson Parish Louisiana is currently concluding with the larger of its two public hospitals.
Given the history of the SRHS saga the commenting community here at Slabbed are rightfully skeptical. Here is a sampling:
Legal Community battles are always down and dirty. Commenter R. Scruggs lays down brass tacks and smack on “Thursday SRHS Miscellany: Public hospital to comply with Open Meetings bill passes the Senate, plus a court hearing.“