1CPAs: Connecticut is already bankrupt

Connecticut’s accountants have noticed an unhappy pattern. The state is: 50th in debt per person 48th in debt as a share of personal income 49th in funding of pensions 49th in amount of working capital The Connecticut Society of Certified Public Accountants is running a campaign, called Fix Our Future, to raise awareness of Connecticut’s ...

2State snags $20 million from UConn malpractice fund

The University of Connecticut Health Center malpractice account is underfunded with only enough money to cover one-third of the estimated claims against the state-owned hospital. Two years ago, this underfunding would have been illegal. The state required the health center to deposit money in the account on an actuarial basis. But then the state needed ...

2SustiNet to cost at least $62 million while 2010 change will save $286 million

SustiNet, the ambitious state plan to bring everyone with state-purchased insurance under one umbrella organization, will cost at least $62 million, according to a study funded by the state’s insurance companies. The report, completed by Hay Group of Arlington, Virginia, uses the SustiNet board’s final report to evaluate the costs of the proposed changes, including ...

1Flexer and Kirkley-Bey campaigns under SEEC review

  In the final round of audits for the 2008 election season, the State Elections Enforcement Commission has referred the candidate committees of Reps. Mae Flexer, D-Killingly, and Marie Lopez Kirkley-Bey, D-Hartford, to its enforcement division for further review. “Anything that’s with enforcement, that’s a pending investigation,” said SEEC spokesman Nancy Nicolescu. “I wouldn’t comment ...

0Embryo mix-up doesn’t hurt doctor’s bonus

A fertility clinic affiliated with the University of Connecticut Health Center mistakenly implanted one woman with another woman’s fertilized embryo in 2009, but the doctor who runs the clinic still earned more than $800,000 last year making him the fifth highest-paid state employee. Dr. John Nulsen is the medical director of the Center for Advanced ...