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Audit urges changes to save on state worker health care Audit urges changes to save on state worker health care MONTPELIER, Vt. (AP) — An audit has found that the cost of Vermont state employee health care jumped between 2010 and 2019 and urged changes to save money. The report released Friday by State Auditor Doug Hoffer found that the cost of annual medical reimbursements for state employees, retirees and their families increased 51% in that time from $94 million to $142 million, the Burlington Free Press reported. One reason the report identified for the increase was that different health providers charged different amounts for the same care. “The difference in prices paid for the exact same health care procedures under the State employee health plan is startling, especially since higher prices do not necessarily mean higher quality,” Hoffer said in a statement. The reports suggests that the state move to reference-based pricing, which is where the state would set a maximum price it would pay for any service instead of paying the price negotiated by the health care provider and insurance company. Hoffer said that could save the state $16.3 million annually.https://www.newstimes.com/business/article/Audit-urges-changes-to-save-on-state-worker-16621690.php
Every branch of the country’s armed services were proudly represented. “We feel their commitment, and we know we could not make our lives work without them,” Mayor Bill de Blasio told the crowd. What a great “Friday-eve”… spent it covering the in-person return of New York’s Veterans Day Parade! 102 years!! Check out the coverage on @CBSNewYork pic.twitter.com/lMiXMFsu4Z — John Dias (@JohnBDias) November 11, 2021 Last year, most Veterans Day celebrations were either scaled back or virtual due to the pandemic. Not this year, though. While Memorial Day honors those who died in military service, Thursday’s events honored all the brave men and women, both the living and the dead. “Every day we do, but today is the focus on that,” Michael Baird, alumni manager with the Wounded Warrior Project, told Dias. Met this amazing group of Veterans at the New York City Veterans Day Parade today! It’s an honor to cover this event. To all our Veterans, thank you, words could never fully express my gratitude.https://newyork.cbslocal.com/2021/11/11/nyc-veterans-day-parade-returns-2021/
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PwC reported that 98% of its assurance professionals received consistent messaging on the importance of audit quality, and 97% understand the firm’s audit quality objectives. The Public Company Accounting Oversight Board inspected 58 of PwC’s audits in the most recent inspection cycle, and the firm anticipates that only one of the audits will be singled out in Part 1.A of the report, which spotlights significant deficiencies. In the most recent PCAOB report for 2019 inspections , 18 audits out of 60 inspected were included in Part 1.A ( see story ). PwC also pointed to a 96% compliance rate of issuer audit engagements selected for internal inspection by the firm. The number of issuer audit engagements selected for internal inspection was also 96. Audit partners’ average years of experience at PwC is 23 years. The report comes at a time when large audit firms have come under fire for lapses in quality. In response, PwC has begun offering regular reports on its progress on audit quality, issuing an updated report earlier this year in January ( see story ). PwC has also been contending with the other challenges brought by the pandemic over the past year this link and a half, which has forced many auditing firms to operate remotely. “It’s been well over a year since the onset of the COVID-19 pandemic,” said PwC U.S.https://www.accountingtoday.com/news/pwc-reports-on-latest-audit-quality-efforts