Extra, your extra money, read all about it; KVHD board meeting
KVHD board of directors, your elected officials, will be convening their monthly board meeting tonight which will likely skirt all around the subject of finances and bonds. (come and watch the spin)
Since there has never been a straightforward relationship with the community and the hospital, I don't see much in the way of explanation regarding recent events which have lead to the district's main debtor, Cal Mtg., wanting to bring on a management company to help squeeze out all the money so it can to pay said Cal Mtg. their money. (14 million)
Cal Mtg. would then pay that money to the fools who invested in a backward, rural hospital, and bought our revenue bonds 20 years ago.
It's interesting that the same company who had to take over the sinking ship in Reedley, Sierra Kings District hospital, HFS, is likely the company who will climb aboard and pirate our sinking ship.
HFS has a good reputation, and they are expensive no doubt. It will cost us a pretty penny to save a pretty penny. This makes sense right? The more you spend the more likely you are to succeed?
Why that's the motto of the government: throw more money at it and hope for the best.
Although HFS is running a bankruptcy at Sierra Kings, that is not an option for this valley I'm afraid. I've been asked repeatedly why we don't just do what every rich person in this country has done, and that is, to bankrupt our debt.
Sorry, unlike a former President of the United States, George W. Bush, who was allowed to make mistakes and then have others foot the bill, Cal Mtg. doesn't let that happen. (No, the hospital evidently didn't read the fine print.)
I'm afraid Abraham Lincoln, a beloved figure, a President, bankrupted twice so he could start his life over. Cal Mtg. would hate him.
But no we are not allowed to do it. It would be a chapter 9, a municipal bankruptcy, and Cal Mtg. could possibly if we had a good attorney and sharp financial advisor, lose.
That is likely why they have made their presence known, even though we have paid them up to date, we still don't have the money for our "summer Lovin'" payment in August.
I have never used bankruptcy, but have been bankrupted on for a lot of money. However, if the time comes, I will use it as it is there for a reason and has been used since the 1800's. Bankruptcy is older than Cal Mtg.
Here's a few people who have bankrupted that you may not have known about: Walt Disney. Yes, we may not have Mickey Mouse and the Matterhorn ride, if it weren't for bankruptcy.
How about this one: Charles Keating. Yes, you can cheat and steal and bankrupt too. That is tough to take that someone like Keating bankrupts himself and everyone else for that matter, but the Kern Valley Healthcare District would rather make it's residents pay for a mediocre service, than challenge the big guys in Sacramento.
After more than a year of hearing how the hospital finances are dandy, seeing headlines in the Kern Valley Son of Sam newspaper about tiny glitches, yet nothing serious, and now we get the anvil dropped on us.
They flip and then little politicians like the board of directors of this hospital, they "flop."
But what they want, without directly telling you, is your "extra" money. Does everyone have extra money to give to the hospital to pay off the California government for taking a bad risk?
It doesn't matter, they are coming for your money, so just sit down and start counting.
Just write your checks
When did KVHD decide the community has to pay for their mistakes? I guess recently, and I'm just going to write this check, I trust these people with my health, why not my money too?
Wait, my health declined when I got to KVHD, so I'm not sure I could say I trust them with my healthcare.
Maybe I should get more information before I just start paying these people for botching up a project and overspending more than twenty years ago which lead us to the present situation: No toilet seat covers in the hospital bathrooms and a good candidate for bankruptcy.
But first as an educated voter and taxpayer I need to do some research. Like, who is in charge of hospital finances? Oh, Mr. Cheet Bedle. Well that sounds good. I know he's really smart because I can't understand a word the man says and he never tries to clarify.
So, I'm writing my check to the hospital, and thinking maybe more information is due me before I just hand over my money. Are the board members knowledgeable about hospital and accounting issues, and are they generally practical, trustworthy people?
Well, one is on the radio going nuts about politicians, yet he is one. When I remind him, he snorts and walks away. Maybe he's the exception to the bell curve.
Then there's Brad Armstrong, he's had a lot of experience, and he's got a lot of money too, so he must know the in's and out's of caring for your nest egg and the future.
Well, it seems Mr. Armstrong was on the board for all the major and egregious errors which have occurred.
Okay, but then there's three more board members, what are they doing? They are so quiet, which means they are either humble in the presence of greater intelligence, like the CEO and CFO, or they are afraid to step up and dig for good solid answers themselves?
I think they want to be "liked" and are afraid of being criticized. Poor things.
This community can understand that right? We are so non-judgmental and understanding here.
I should find out where the problems are that they need help with so our tax money isn't misspent.
How many operations does the hospital perform each year?
Less than ten? That doesn't seem like a lot. Is it brain surgery? Or lobotomies of some sort?
Now do we have a surgeon? How much do we pay him?
Oh, he's retired and spends a lot of time funning around the lake. He probably just takes a stipend knowing this is a senior community.
WHAT? A million dollars for ten surgeries and we are not making money? Oh, yes, now I see the problem.
Okay, all I have to do is mention this at one of their meetings and they will see what I mean and take my recommendations into consideration.
WHAT? My three minutes are up, I haven't even...
(That was the KVHD melodrama brought to you by the Office of Statewide healthcare Planning and Development)
So, come on down to the hospital for Cinco de Mayo, May 5 at 5:30 pm. in the hospital cafeteria.
In conclusion, the taxpayer will pay, because any bankruptcy judge is going to see what the finance manager has allowed to happen, the waste, the salaries of the administrators, the nepotism and inbred employment practices, the nightmare criminal elder abuse case and the civil suits it spawned; and that judge is going to say clearly it was not all Cal Mtg.
Then you write your check...
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