With some hard questions!
In the prior post RAW DEAL [link] you found our NC State Treasurer Brad Briner, voicing severe doubts about the giveaway merger of WakeMed - a community owned, not-for-profit, tax exempt, cooperative hospital. Yeah, sounds a lot like a credit union!
✅ Commenter: "You're exaggerating again, that's just North Carolina politics!"
✔ Funny that you should mention that, because the Governor's office just jumped into the fray with a few questions too! Read entire letter here [link].
- Why did WakeMed decide to seek a merger?
- What other financing or strategic options were considered?
- What guarantees has Atrium provided to ensure that WakeMed’s prices will not increase ?
- Why did WakeMed agree to a governance structure that limits local control?
- What guarantees ensure that WakeMed continues to devote more than 12 percent of revenue to indigent care?
- Has WakeMed assured itself that it could not secure greater investment from Atrium or other potential partners? If so, how?
😎 Governor Josh Stein is a Democrat, State Treasurer Brad Briner is a Republican! And, just for the record neither is up for election until 2028!
😎 Why shouldn't the leaders of our State be asking these reasonable questions about a merger that appears to diminish a billion dollar community asset - established, built, financed, and owned by local folks?
✔ Who is the State suppose to protect?
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