Page 6 - PGA Community News - July '18
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Page 6, PGA C.A.N.!                                                   July 2018                                                                                                                                                      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   Reductions For Florida                more than doubled to almost $30,000 in 2014, up from
      Lauderdale was ranked eighth. There are more than 160                                                $14,000 in 2010, according to a 2017 report. Air-ambulance
      bitcoin ATMs across Florida; and an entirely bitcoin real   Businesses                               operators’ special legal status has helped them oppose
      estate transaction in Miami took place in December 2017.                                             efforts to control their rates. At the heart of the dispute is
         It’s important for Floridians to fully understand what      Florida Chief Financial Officer (CFO) Jimmy Patronis   a gap between what insurance will pay for the flight and
      they are getting into before they make any investment, and   announced recently additional workers’ compensation cost   what air-ambulance operators say must be charged to keep
      that includes cryptocurrency. Always do your homework   reductions that will save carriers an estimated nearly $20   flying.
      before making an investment; understand that cryptocurrency   million in 2019, allowing carriers to help further alleviate      Source: U.S. Government Accountability Office
      values can be unstable; cryptocurrency can be stolen; and   costs on Florida businesses. These reductions are a direct
      cryptocurrency transactions can be taxed.         result of the sound financial management of the Workers’   Florida’s Economy By Real Gross State Product
         I encourage everyone to do some research on what exactly   Compensation Administration Trust Fund (WCATF) and   Outpacing U.S. Growth
      cryptocurrency is and how it is being used in the world today.   the Special Disability Trust Fund (SDTF), two funds that      The latest forecast shows Florida’s economy, as
      With new technology come new ways for you to be defrauded   workers’ compensation carriers contribute to.   measured  by  real  gross  state  product,  outpacing  U.S.
      and it’s my goal to ensure you’re protected.         CFO Patronis said, “Just last month, we announced that   growth over the next four years. The forecast, authored by
                                              Sincerely,  a 1.8 percent decrease in workers’ compensation rates could   economist Sean Snaith, foresees expansion at an average
                                         Jimmy Patronis,  mean a $79.5 million savings for Florida businesses. Reducing   annual rate of 3.6 percent from 2018 to 2021. Real gross
                                   Chief Financial Officer,  the cost of doing business for workers’ compensation carriers   state product is additionally projected to expand by 3.7
                                         State of Florida  by $20 million means additional savings could be passed on   percent this year and 4.3 percent in 2019 before easing to
                                                        to Florida businesses, easing financial burdens. Anytime we   3.5 percent in 2020 and 2.8 percent in 2021.
      Report Suspicious Activity                        can reduce the cost of doing business we should. Doing so      Source: UCF Institute of Economic Competitiveness
                                                        supports our neighborhood businesses and ultimately, both
      Surrounding Hurricane                             our local and state economy.”

      Damage Repairs
      Financial Officer (CFO) Jimmy Patronis formed the Disaster  Experience Dentistry with a Woman’s Touch
         Immediately following Hurricane Irma, Florida Chief

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

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

                                                                            10887 N. Military Trail, Suite 6
                       “Healthy Hair is an Option”                         Palm Beach Gardens, FL 33410
                          606-424-4206                             (561) 622-2815 •

                            Billie Hefner
                                @ Studio BB                           Medical College of Virginia School of Dentistry - Cum Laude
                                                                 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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