President breslin . Here. Vice president lim . Present. Supervisor farrell excused. Commissioner fraser . Here. Commissioner fraser excused. Commissioner scott sf here. Commissioner shlain . Here. We have a quorum. Thank you. ~ item number 1, please. Item 1, action item, approval with possible modifications of the minutes of the meeting set forth below. Regular meeting of june 13th, 2013 combined with rates and benefits committee. Are there any corrections . No corrections. I move adoption of the minutes as distributed. I second. Any Public Comment on this item . Having none, all those in favor . Aye. Opposed . Its unanimous. Item number 2. Item 2, discussion item, president s report, president breslin. We are now on sfgovtv, channel 26 and 78, i believe. And we want to thank sean tai who prior to this has done the videos for the Board Meeting. And would you please come up to the podium . Thank you. The Health Service board would like to thank sean tai the founder of zty media for his
Seeing none. Madam secretary, item number 4, please. Item 4, discussion item, update on Financial Reporting as of may 31, 2013, gregg sass. Good afternoon. This might be my last hearing here before the commission. So, im smiling because i get to go back to retirement. But i have really enjoyed my time here. I have really appreciated the warm welcome from you and the rest of the city family. Its been very educational for me, in addition, knew very little about the Health Service system when i worked for the Department Much public health. And i certainly know a lot more about it today, so, its been a good experience for me. What i wanted to do today was just give you sort of a preliminary look at how we finished the fiscal year june 30. All of our financial results, certainly for the department as well as for the particularly for the trust fund are subject to audit. Kpmg will be starting their audit next monday. The audit will continue through the end of october. There will certainly be
Now about it. Its about plan 1. If you want to hear it now, id be happy to bring it up. Maybe you could talk to the staff. I have talked to your staff. Okay. And they told me to come to the commission meeting, to the Board Meeting. Id be happy to hold the thought. Okay, im here because im an early retiree in plan 1 and im actually not getting any of the service that i had contracted for, particularly for my out of Network Payments or out of network coverage. I have a i am covered by medicare. And what i understand is irrespective of the medicare coverage, for my out of Network Payments or coverage excuse me, im really nervous. It should be at the 50 of the ucl rates. Is that correct . As im understanding it . Yes, okay. What united is telling me now is they will only cover 50 of what a medicare physician would cover if i were seeing a medicare physician. But i am not seeing medicare physicians and, so, for example excuse me i see a doctor who charges 225 for a visit. So, rather than pa
Me, in addition, knew very little about the Health Service system when i worked for the Department Much public health. And i certainly know a lot more about it today, so, its been a good experience for me. What i wanted to do today was just give you sort of a preliminary look at how we finished the fiscal year june 30. All of our financial results, certainly for the department as well as for the particularly for the trust fund are subject to audit. Kpmg will be starting their audit next monday. The audit will continue through the end of october. There will certainly be a number of adjustments and fine tuning that will take place between now and then. But theres a great deal that we know already about yearend results. To begin with, we know our cash balance in the trust fund. We closed the year with 167. 7 million in the trust fund which is a 60. 6 million increase over the same date in june 30th, 2012. A large portion of that is associated with the difference between collections and cl
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