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Update: More on Stokes
posted at 2008-07-02 14:29 | Last modified 2008-07-02 15:21
House State Health Plan oversight chair Hugh Holliman says George Stokes was fired over an accounting error of more than $100M.
According to Holliman, Stokes told the oversight committee the plan was performing so well it would produce a surplus of around $50M. Instead, the committee found itself facing a $65M shortfall. Committee co-chairs Holliman and Rand, displeased by the "communication problem," made the call to fire Stokes.
Holliman says the miscalculation won't factor into this year's budget (whew!), but will have to be addressed next year.
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Update: SHP communications director Linda McCrudden says former SHP director Jack Walker is coming back in. It's not clear at this point whether that's on an interim or permanent basis.
More when I get it....
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