https://www.realclearinvestigations.com/...45070.html
Don't know how you can be so incompetent to miss a billion dollars even if over 20 years.
"After taking the helm at New York’s financially troubled Nassau University Medical Center late last year, Megan C. Ryan stumbled upon something baffling in the books: a two-decade-long series of transactions engineered by New York State that may have shortchanged the hospital by a staggering $1 billion in matching funds.
As a hospital primarily serving patients on Medicare, Medicaid, or who are uninsured, the medical center qualified for federal matching grants tied to state contributions. Ryan’s discovery indicated that the state was having the medical center itself post its share of the match – for around 20 years at $50 million per year – essentially cheating it out of the state’s matching dollars. “We just couldn’t wrap our heads around how a hospital that serves the poor would be forced to put up tens of millions of dollars” in place of state funds, Ryan told RealClearInvestigations....
Democrat Gov. Kathy Hochul, who is running for reelection, is the central player in the dispute. The hospital – already at loggerheads with Hochul’s administration over claims the state was unduly withholding needed aid – filed suit last December against New York seeking to be made whole for the $1 billion it believed it was owed.
That litigation would help set in motion a series of events culminating in the takeover of the hospital by Hochul, removing control of the public benefit corporation from the hands of Republican Nassau County executive, Bruce Blakeman; the firing of Ryan and the mass exodus of the hospital’s leaders as the new regime took over; and new legal battles between Ryan and the hospital’s Hochul-appointed leaders...."
