$$$-strapped ECU med school drops $10 mil. on FOOTBALL

It seems like just yesterday that the Brody Medical School at East Carolina was bemoaning its tight finances and seeking MORE government funding. Actually, it was a mere TWO years ago. Now, we’re hearing that the med school is going to do its part to bail out the struggling ECU football program: East Carolina University has designated $20 million in university money to settle a deficit in its athletics budget and to make significant capital improvements to athletics facilities, officials said Wednesday. The funds are available immediately, with one $10 million transfer intended to nullify a deficit created in part…

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Folwell to UNC: ONE BILLION DOLLARS, please.

State treasurer Dale Folwell has expressed his skepticism about the UNC-Atrium / Carolinas Medical merger.  Now, he’s literally trying to make the head honchos in that proposed deal put their money where their mouths are: State Treasurer Dale R. Folwell, CPA, announced today that he is asking representatives of UNC Healthcare to provide the State Health Plan (Plan) with a $1 billion performance bond guaranteeing that any merger with the organization and Carolinas HealthCare System would not increase medical costs for the Plan and North Carolina taxpayers. […]  During a recent UNC Board of Governors meeting, Treasurer Folwell was asked…

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Folwell: UNCHealth-Carolinas merger will jack up health care costs

We expressed our reservations earlier about the proposed merger between Charlottes’ Carolinas HealthCare and UNC Health Care.  Now, state treasurer Dale Folwell is getting in on the act: Officials who represent about 800,000 state retirees and employees say they are worried those workers could end up paying more for medical services if UNC Health Care joins forces with Atrium Health, the Charlotte company that last week rebranded itself from Carolinas HealthCare. NC Treasurer Dale Folwell and Robert Broome, executive director of the State Employees Association of North Carolina, met with UNC Health Care CEO William Roper and his executive team last…

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BIGGER not always better

We’re really getting soft-pedaled and spun about the UNC Health Care / Carolinas Medical merger.   I, for one (and as a former patient with both), don’t see much good for consumers in the deal. When was the last time something getting BIGGER benefited you as a consumer?  (Or, for that matter, when was the last time something private partnered with a government entity and got better?) My long-time bank merged with a bigger in-state bank some years back.  I went from having a local bank staff who I knew, and who knew me on a first name basis, to a…

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