Association of Government Accountants

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Today is Tuesday , March 9, 2010

President's Message *Sherri Voigt, CGFM, CPA*
March 2010 The member satisfaction survey is coming soon. Please take 5 minutes to complete the questions so we can better serve you. Also, don't forget in include any topic and/or location suggestions! The brochure for the May 11 Symposium will be out soon (if not already.) We were once again able to keep the prices stable, at $35-members and $70-non-members. We have a great agenda with accounting and communication skills topics. I look forward to seeing you there! March is CGFM Month! Our chapter has 40 members with the CGFM certification and 3 people in various stages of exam preparation. All CGFMs are invited to attend this month's lunch for free. Highlights of the February lunch meeting. We had two extremely passionate speakers at the February meeting. I did my best to capture some notes for those who were not able to attend. The USA is the only developed nation with the privilege of going bankrupt for health care. Insurance companies exist for profit, not public health. They are more financial risk management companies than actual insurance. 11.7% of veterans are uninsured. (2008) 44,798 adult deaths annually due to uninsurance. Employers foot about 40% of the health care total bill. 2008 Health Industry Profits $51.6B Pharmaceuticals $ 8.6B Insurers/HMOs $ 6.7B Equipment and Supplies $ 1.6B Hospitals/Nursing Homes $ 3.2B Distributors/wholsalers -from 05/09 Fortune Magazine 1/3 of Americans are under- or uninsured Present health care bill: Significant change to the $2T US health care system Would still be through the employer, small companies through state based Insurance companies would no longer be able to deny coverage for pre-existing conditions No more lifetime limits Both speakers felt the current bill wouldn't go far enough to making real reforms in the industry If you have more questions, I can get some of their source tables to you.
Association of Government Accountants Southern Wisconsin Chapter P.O. Box 1454 Madison, WI 53701-1454 admin@aga-wis.org Webmaster: sbthornton@gmail.com