Page 6 - PGA Community News - July '18
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Page 6, PGA C.A.N.!                                                     July 2018

From The Desk Of Jimmy Patronis

Floridians,                                                             by reporting suspicious activity as soon as possible.          	 Background: Legislative changes in 1997 resulted in
	 The Securities and                                                    	 Possible indicators of post-storm fraud include a            the SDTF being prospectively abolished and statutorily
Exchange Commission                                                     contractor or restoration professional who:                    prohibited from accepting any new claims for dates of
(SEC) recently appointed                                                	 • pressured you to sign an assignment of benefits (AOB)      accident after December 31, 1997. However, in accordance
Valerie Szczepanik as its                                               contract and has failed to provide any repairs to your home    with Florida law, insurers and individual self-insured
new “cryptocurrency chief,”                                             or stopped responding to your contact attempts.                employers continue to be assessed to fund a small number
a first-of-its kind position and                                        	 • offered to waive or discount your insurance deductible.    of older claims. Further, fiscally responsible management of
one that is much needed. I’ve                                           	 • offered to provide repairs at a cash-only discounted rate  the WCATF has allowed for assessment rates to be reduced.
directed my staff to set up a                                           and has failed to provide repairs to your home.
call with her to discuss how                                            	 • received payment and has failed to provide any repairs     Florida Economic Briefs
we can continue to protect                                              to your home.
consumers from being taken                                              	 Consumers who have experienced or witnessed these            A Health-Care Headache As Air-Ambulances Leave
advantage of in our state.                                              types of activity are encouraged to reach out to the Fraud     Massive Bills Behind
	 Cryptocurrency is growing in Florida. The Seminole                    Tip Hotline by calling (800) 378-0445. Callers can choose      	 Prices for emergency medical flights have increased
County Tax Collector now accepts bitcoin and bitcoin cash               to remain anonymous.                                           significantly as air-ambulance operators expanded their
to pay for property taxes, driver’s license and ID card fees,                                                                          networks and responded to a wider set of emergencies. The
tags and titles; Tampa/St. Petersburg was ranked seventh                Workers’ Comp Cost                                             median charge to Medicare for a medical helicopter flight
in the top 10 bitcoin-friendly cities in 2016 and Miami/Fort                                                                           more than doubled to almost $30,000 in 2014, up from
Lauderdale was ranked eighth. There are more than 160                   Reductions For Florida                                         $14,000 in 2010, according to a 2017 report. Air-ambulance
bitcoin ATMs across Florida; and an entirely bitcoin real                                                                              operators’ special legal status has helped them oppose
estate transaction in Miami took place in December 2017.                Businesses                                                     efforts to control their rates. At the heart of the dispute is
	 It’s important for Floridians to fully understand what                                                                               a gap between what insurance will pay for the flight and
they are getting into before they make any investment, and              	 Florida Chief Financial Officer (CFO) Jimmy Patronis         what air-ambulance operators say must be charged to keep
that includes cryptocurrency. Always do your homework                   announced recently additional workers’ compensation cost       flying.
before making an investment; understand that cryptocurrency             reductions that will save carriers an estimated nearly $20     	 Source: U.S. Government Accountability Office
values can be unstable; cryptocurrency can be stolen; and               million in 2019, allowing carriers to help further alleviate
cryptocurrency transactions can be taxed.                               costs on Florida businesses. These reductions are a direct     Florida’s Economy By Real Gross State Product
	 I encourage everyone to do some research on what exactly              result of the sound financial management of the Workers’       Outpacing U.S. Growth
cryptocurrency is and how it is being used in the world today.          Compensation Administration Trust Fund (WCATF) and             	 The latest forecast shows Florida’s economy, as
With new technology come new ways for you to be defrauded               the Special Disability Trust Fund (SDTF), two funds that       measured by real gross state product, outpacing U.S.
and it’s my goal to ensure you’re protected.                            workers’ compensation carriers contribute to.                  growth over the next four years. The forecast, authored by
                                                                        	 CFO Patronis said, “Just last month, we announced that       economist Sean Snaith, foresees expansion at an average
                                                            Sincerely,  a 1.8 percent decrease in workers’ compensation rates could    annual rate of 3.6 percent from 2018 to 2021. Real gross
                                                    Jimmy Patronis,     mean a $79.5 million savings for Florida businesses. Reducing  state product is additionally projected to expand by 3.7
                                           Chief Financial Officer,     the cost of doing business for workers’ compensation carriers  percent this year and 4.3 percent in 2019 before easing to
                                                    State of Florida    by $20 million means additional savings could be passed on     3.5 percent in 2020 and 2.8 percent in 2021.
                                                                        to Florida businesses, easing financial burdens. Anytime we    	 Source: UCF Institute of Economic Competitiveness
Report Suspicious Activity                                              can reduce the cost of doing business we should. Doing so
                                                                        supports our neighborhood businesses and ultimately, both
Surrounding Hurricane                                                   our local and state economy.”

Damage Repairs                                                          Experience Dentistry with a Woman’s Touch

	 Immediately following Hurricane Irma, Florida Chief                                Cosmetic & Comprehensive Restorative Dentistry
Financial Officer (CFO) Jimmy Patronis formed the Disaster                                State of the Art & Same Day Restorations
Fraud Action Strike Team (DFAST) to detect and deter                                      Nitrous Oxide/Oxygen Sedation Available
insurance fraud during the 2017 hurricane season’s recovery
phase. Before subtropical storm Alberto made landfall,
immediately the DFAST units were activated across the state
to ward off any possible fraud and protect Floridians.
	 The 2018 hurricane season is here and we must continue
to be on the lookout for our families, friends and neighbors

Palm Beach Beauty Salon                                                    Joanne Green, D.D.S.

                “Healthy Hair is an Option”                                          10887 N. Military Trail, Suite 6
                                                                                    Palm Beach Gardens, FL 33410
           606-424-4206
                                                                         (561) 622-2815 • www.joannegreendds.com
                Billie Hefner
                                                                                Medical College of Virginia School of Dentistry - Cum Laude
                           @ Studio BB                                  Hospital of the University of Penn - General Practice Residency Training

7100 Fairway Drive, Ste 41 • Palm Beach Gardens                                             Harvard Dental School - Former Instructor
          LA Fitness Plaza/ PGA National                                        Boston Brigham and Women’s Dental Group - Staff Dentist
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