Newspapers / The Charlotte Post (Charlotte, … / Jan. 29, 1981, edition 1 / Page 6
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* For Hospital Medical Bills North Carolina’s Medicaid Program Paid $391.5 Million KAl.KIGtl North Caro lina's Medicaid program paid hospital and other medical bills amounting to $391.5 million during fiscal year 1979-80, and if it had not been for the efforts of the Third Party Recovery Section in the Division of Medical Assistance of the N.C. Department of Hu man Resources, the pay ments would have been William J. Kennedy III .. NOMLIC president Kennedy Joins Quaker Oats Board CHICAGO - CasD^r W. Weinberger, President Ronald Reagan's nominee for Secretary of Defense, resigned effective today from the Board of Direc tors of The Quaker Oats Company. Elected to succeed Mr. Weinberger is William J. Kennedy III, President, CEO, and Chairman of the North Carolina Mutual Life Insurance Company. Mr. Kennedy, 58, heads one of the leading pre dominantly black-man aged financial institutions in the United States. A graduate of Virginia State College, he received two MBA degrees - one from the Wharton School of Finance and Commerce of The University of Pennsyl vania and the other from New York University. Mr. Kennedy joined North Carolina Mutual in 1950, became Controller in 1959, Senior Vice President in 1970, and was appointed President in 1972. Mr. Kennedy is a direc tor of several corporations, including Mobil Corp., Pfizer, Inc., and the Urban National Corporation. He has also been active in numerous professional and charitable organizations. Mr. Weinberger, 63, was formerly Vice President and General Counsel of the Bechtel Corp., San Fran cisco’ over $400 million. During the same year, the section, with the co operation of county social services departments, health care providers, at torneys, and insurance companies, recovered $8 7 million in Medicaid pay ments from insurance com panies and other sources. "This was a significant increase over the $5.6 mil lion collected the previous year which was the first full fiscal year the section was in operation. The bud geted cost to operate the section was only $150,000 during 1979-80. This means for every dollar it cost the state to operate this sec tion, it returned $57 to the state," said Donald Best, head of the Third Party Recovery Section. Medicaid, a program to provide health care for eligible poor people, is a federal program admin istered by states. In North Carolina, the majority of the funds that finance Me dicaid are federal with the state and counties paying the remainder of the cost. County social services de partments determine eligi bility for the program based on federal and state requirement. “Due to the continued escalation of Medicaid costs across the nation, the federal government issued a regulation that Medicaid would no longer pay for medical care that was the responsibility of other in dividuals, institutions, cor porations, or public or pri vate agencies. Medicaid became the ‘Payor of last resort’ after this regula tion was adopted,” Best said. To accomplish this in North Carolina, the General Assembly passed a law in 1977 that became General Statute 108-61.4, accordingto Best. “This statute, as amended, gives the state an assignment of benefits for all Medicaid recipients, and it gives the state the right of subro gation. This means that the Area Fund Meeting The monthly meeting ot the Charlotte Area Fund, Inc. Board of Directors will be held Thursday, January 29, at 7:15 p.m. at Myers Park Baptist Church, 1900 Queens Road. The meeting will take place in the Sharon Hall. Changes in personnel poli cies and procedures will be discused. Reports from the Chairman, Executive Di rector, and the various Directors will be given. I Curry's Insurance Advisory Clinic I Robert "Bob" Curry Member: Million Dollar Round Table Mutual Benefit Masters Club, Star Masters Club and President’s Club LIFE Mutual'Benefit Life Iny Co. Since IH45; Fourth Oldest Life Ins. Co. in the United State® DISABILITY INCOME - . Specialist In the Field of Income Replacement DEFERRED COMPENSATION TAX SHELTER BENEFITS Pensions Corporate Fringe Benefits Profit Sharing x Individual Retlrenient Accounts (IRA) ESTATE AND TAX PLANNING . Business & Personal EMPLOYEE BENEFIT PLANS Croup Coverage For Life, Health and Disability BALANCED FINANCIAL PLANNINNG Assist in financial objectives Financial Security For One's Family Mutual Benefit Life 801 E. Morehead, Suite 301 377-9192 II Y ou Take Care of Today We'll Take Care of Tomorrow state can now collect trom responsible parties that money which is paid health care providers for care of Medicaid recipients that should have been paid by someone else.” He indicated that the majority of the Medicaid funds recovered were from insurance companies. "Some eligible Medicaid recipients also have small health insurance policies that provide limited bene fits. In other cases where medicaid recipients are in volved in accidents, such as an automobile mishap, if the other party involved is liable, we seek settlements from their insurance com panies.” He cited an example of a 35 year old single man who was involved in an auto mobile accident and re ceived injuries that left him totally disabled. “The accident happened in 1977 and the man is still con fined to a nursing home with Medicaid paying the bills. The other party in volved was determined at fault. After the insurance settlement, we recovered $35,000 from his insurance company." These college housemates find that team work often pays off - especially when it comes to something as important as preparing food. From left to right are Kevin Davis, a sophomore Computer Operation major at Central Piedmont Community College, James Graves. freshman Business Management major at Johnson C. Smith University; Dereck Raheem McKinnie, freshman Account ing major at Johnson C. Smith; and Dwight Bostic, junior Political Science major at Johnson C. Smith University. (Phot£b^j££gg1j^jJiim£2—________ W. Charlotte Alumni Aren’t Sitting Idly? West Charlotte Alumni aren't just sitting idly around They, are joining forces and planning some breathtaking events. West Charlotte's classes of 41-45 will hold their regular meeting 5 pm. Saturday, February 7, at the Trojan’s Club House, 1828 LaSalle St. Public re lations chairman, Robert Simmons would like to re mind everyone to bring their photos. The West Charlotte Alumni Association, Class es of 1946 and 1947, is planning a trip to New Orleans, La Members are planning this reunion from Monday, June 22, through Sundav. June 28. Transportation will be by bus to the city of New Orleans. All seats on the buses will be assigned on a first-come, first-served basis. Cars may be left at John son C. Smith University where the security guard will take care of tnem. This if a package deal - $275 per person in rooms of double occupancy (two to four persons). For those desiring single rooms the price will be $355. Deadline for payment is April 15. A penalty of $10 will be charged for late registration and it is pos sible that bus seats will not be available. No refunds will be given after May 1. Ice, chasers, games and cups will be provided by the organization. Earnings Statements Due GREENSBORO - Tax payers who would like to file their Federal tax re turn early but are not furnished a W-2 earnings statement by their employ er can take steps to speed up the receipt of the W-2, the Internal Revenue Ser vics says. Generally, a taxpayer can expect the W-2 by Fe bruary 2, 1981 from every employer he or she had in 1980, the IRS stated. After February 2, if the W-2 has not been furnished, taxpayers should contact their employer and request the form. If the form has not been received by Fe bruary 15, the taxpayer should call the IRS office on the toll-free telephone number for assistance in obtaining the W-2. 'taxpayers who receive incorrect statements should contact the employ er as soon as possible and request a corrected state ment End Your Dry Cleaning & Laundry Worries !! OPEN 7:30 - 11:00 • 7 Days A Week “'Complete Service” Expert Alterations - Same Dav Service TRYON MALL CLEANING CENTER 596-9231 451 E. Siwar Creek Rd. 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MALIBU SPORT SEDAN AND COUPE Rally Wheels, Sport Mirrors, Wheel Opening Moldings and Pin Striping free of charge on specially equipped Malibu Sport Sedans and Coupes. MALIBU CLASSIC WA60N Sport Wheel Covers, Sport Mirrors, Luggage Carrier and Pin Striping free of charge on specially equipped Malibu Classic Wagons. MONTE CARLO LANDAU Wire Wheel Covers, Body Side Moldings, Twin Remote Sport Mirrors and Cornering Lamps free of charge on specially equipped Monte Carlo Landaus. MONTE CARLO COUPE Body Sidei Moldings, Rally Wheels, Sport Mirrors, Side Window Sill Moldings and Pin Striping free of charge on specially equipped Monte Carlo Coupes. CAMARO SPORT COUPE Sport Mirrors, Style Trim and Rally Color Keyed Wheels free of charge on specially equipped Camaro Sport Coupes *iu million total value based on Manufacturer’s Suggested Retail Prices of options available for giveaway. | ___ LH«m H, UO --
The Charlotte Post (Charlotte, N.C.)
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Jan. 29, 1981, edition 1
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