The GHS Hospital Bond “Deal” Resolution
- By Thomas Barilovits
For this discussion, please see the SC JEDA/Greenville County Notice of public hearing for the potential GHS/Palmetto $1.5 billion bond issuance by SC JEDA, a SC government entity, (https://drive.google.com/file/d/19RCyo9VdN86UNEQfRhaEzgJXFLA5IkNY/view). Basically, ~$630 million in Greenville Health System debt will be combined with ~$870 million in Palmetto Health System Debt. GHS revenue is approaching ~$2.5 Billion while Palmetto revenue is only ~$1.7 Billion, yet Palmetto’s debt is far higher than GHS’s which means it’s more risky (some of Palmetto’s debt is also tied to a $72 million Medicare fraud conviction). Higher risks equals higher costs due to possible future default. This will eventually cost hard-working Greenville County healthcare consumers more money. This bond issuance is not in the best interest of Greenville County citizens. It increases the default risk of our healthcare system in the upstate and the bond amalgamation/refinance does not save or create any jobs as required by SC JEDA.
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Former Army Ranger Announced Run for SC House District 21
- By Press Release
Former Army Ranger Bobby Cox announced his candidacy for the SC House District 21 seat Friday at the Runway Cafe after he and two others parachuted to the Greenville Downtown Airport. Cox was interviewed on Fox and Friends Weekend on Sunday, Nov. 12th.
Bobby Cox is a Businessman, Combat Veteran, Citadel Graduate, and Conservative Republican. He was born and raised in the Upstate and now resides in Greer, SC. He graduated from Travelers Rest High School and went to The Citadel, The Military College of South Carolina, to test his desire for service in the military. While at The Citadel, Bobby became the Regimental Commander of the South Carolina Corps of Cadets; the cadet in charge over the college. He was a Summerall Guard and was awarded the Palmetto Award for exceptional service that reflects great credit upon The Citadel.
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