No surprise annual audits monthly reports says former NHIB Chair

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp #magneticmedianews #tcinhip  #drexwellseymour Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, November 28, 2016 – The National Health Insurance Board’s money woes should not be a surprise because the Health plan is audited annually and the Permanent Secretaries of Health and Finance sit in on meetings and are presented information to help their ministers make high level decisions and to be acquainted with what is or is not happening at NHIP.This information comes from former Chairman and HLB Owner and CPA, Drexwell Seymour who responded to questions from Magnetic Media after the bombshell news that the Health Insurance plan is bleeding funds to the tune of $6.1 million and needs an urgent $2 million bail out to save the plan from crashing.Seymour said PriceWaterhouseCoopers(PWC) conducts those audits and that the Board has managed to drastically reduce what government was spending on medical care from $40 million annually on locals only before the NHIP was established to now, $13 million dollars per year for locals and work permit holders.Seymour said monthly accounts are submitted and that Government should perhaps consider giving the NHIB more money to manage medical care as there is a shortfall or not enough money to take care of the health care demands.  You can read an article on the state of the NHIP from Drexwell Seymour’s perspective at his Facebook page.Magnetic Media’s report on Friday caused outrage among many residents who questioned leadership following news from a post Cabinet statement which called for a review of NHIB and said that Cabinet was surprised at the financial predicament of the social health care plan. Related Items:#drexwellseymour, #magneticmedianews, #tcinhipcenter_img PDM Administration announces budget increase for primary health care, goal to reduce overseas medical bills Recommended for youlast_img read more

VIDEO Watch The Back Track Band Perform A Concert On The Common

first_imgWILMINGTON, MA — The Wilmington Recreation Department’s 2019 Concerts on the Common series continued on Wednesday, July 24 with a performance from The BackTrack Band. BackTrack featured a wide selection of classic songs from the 50’s, 60’s and 70’s.Wilmington Community Television was on hand to record the event. Watch the concert the below:—Video Playerhttps://s3.us-west-2.amazonaws.com/wilmington.castus-vod/vod/video/e4284e46-2b13-475f-a4c3-bab57e34cdcc/video.original.mp400:0000:0001:34:30Use Up/Down Arrow keys to increase or decrease volume.—Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedVIDEO: Watch ‘Jimmy & The Jesters’ Perform A Concert On The CommonIn “Videos”Wilmington Concerts On The Common Series Continues With ‘BackTrack’ On July 24In “Community”VIDEO: Watch ‘Ball In The House’ Perform A Concert On The CommonIn “Videos”last_img read more

EU Commission proposes €7bn loan to Greece for July

first_imgClose The European Commission proposed to give Greece a €7bn (£4.92, $7.7bn) bridge loan to cover the countrys financing needs in July using the European Financial Stability Mechanism (EFSM).The Commission believes the EFSM is the best means to provide short-term financing for Greece, Commission vice president for the euro Valdis Dombrovskis told reporters in Brussels.Greece faces urgent financing needs. It has outstanding payments and arrears to the ECB (European Central Bank) and IMF (International Monetary Fund) that need to be paid in the coming days. Euro area leaders therefore invited the Eurogroup to address these issues as a matter of urgency. Member states together with the institutions explored the options available. There are not many, he said.The bridge loan would have a maximum maturity of three months and would be repaid to the EFSM from money that Greece is to get from the eurozone bailout fund, the European Stability Mechanism (ESM) on the conclusion of negotiations on the next, €86bn three-year bailout.The proposal to use the EFSM for the bridge loan is controversial because Britain and the Czech Republic are strongly opposed to it.We are aware of serious concerns from non-euro area member states. We are therefore working on arrangements to protect the non-euro area member states from any negative financial consequences should the EFSM loans not being repaid, Dombrovskis said.Unlike the ESM, which is a eurozone fund, the EFSM is an EU-wide fund, backed by the EU budget and therefore disbursements from it need the approval of all of the EUs 28 governments, rather than just the 19 of the eurozone.But decisions in the EFSM are taken by qualified majority voting, which means that if 16 countries representing 65 percent of the EUs population support a disbursement, its opponents like Britain or the Czech Republic can be outvoted.last_img read more

President PM mourn death of Ershad

first_imgPresident M Abdul Hamid (L) and prime minister Sheikh Hasina. BSS File PhotoPresident Abdul Hamid and prime minister Sheikh Hasina on Sunday expressed deep shock and sorrow at the death of leader of the opposition in parliament and Jatiya Party chairman HM Ershad, reports UNB.In a condolence message, Sheikh Hasina recalled Ershad’s constructive role in parliament as the opposition leader.In separate messages, the president and the prime minister prayed for salvation of the departed soul and expressed deep sympathy to Ershad’s bereaved family members.The foreign minister, speaker, deputy speaker and the chief whip also mourned the death of former president of the country.The former president of Bangladesh and Jatiya Party chairman Hussain Mohammad Ershad breathed his last at Combined Military Hospital in Dhaka on Sunday morning. He was 89.JP presidium member and Ershad’s relative Khaled Akhter told Prothom Alo that the former president passed away around 7:45am.last_img read more