Wednesday, May 25, 2016
   
Text Size

News

Monday Afternoon News, October 21

Iowa State Bank Wants To Merge Financial Charters

(Orange City) -- The Iowa State Bank of Hull is requesting a formal merger with the Iowa
State Bank of Remsen.  Although the Iowa State Bank of Hull acquired the financial services
of what used to be known as the Farmers Savings Bank of Remsen a few years ago, known now,
and operating as the Iowa State Bank of Remsen, the two banks have been conducting business
under two different charters.  However, according to LeRoy Van Kekerix, president and C.E.O
of the Iowa State Bank, a formal request has been submitted to the State Banking Commission
to merge the two financial charters into one. 

Listen to

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.



Iowa State Bank has seven other locations with Orange City serving as the hub.  Van Kekerix
says the other seven banks under the Iowa State Bank name are presently operating under one
charter.  He says it will make business operations go a lot smoother.

Listen to

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.



The banking official says Remsen customers will be able to enjoy additional benefits, not presently being offered to them.

Listen to

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.



The Iowa Banking Commission has accepted the application, and is now receiving public
comments about the merger.  Van Kekerix believes the merger application will be approved,
and the official merger will take place before December 31st.

 

Iowa Saves $41 Million In Medicare Fraud

DES MOINES, Iowa (AP) - Gov. Terry Branstad says an effort to reduce Medicaid claim errors
and fraud has saved Iowa $46 million in the last fiscal year.  Branstad says over three
years the total savings is $86 million. He says that helps the state provide better care for
400,000 residents without reducing services or cutting rates paid to providers.
The state has a contract with Optum, a Minnesota company, to prevent fraudulent charges
and mistakes that would overbill the state. The company also works to ensure that the type
of care and services offered is the most efficient.  Lt. Governor Kim Reynolds says most of
the savings came from catching errors and fraud in advance.

Listen to

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.



Cases of Medicaid fraud are being turned over to investigators in the Iowa Department of Inspections and Appeals.

Listen to

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.



In addition, the private company reviewing Iowa Medicaid claims has pushed for the purchase of medical equipment rather than long-term rental agreements which turn out to be more costly than buying the equipment in the first place. Jennifer Vermeer (ver-MEER) is the director of Iowa's Medicaid program.

Listen to

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.



State officials say there are about 20-thousand Medicaid providers in Iowa.
The company is being paid $14 million for a three-year contract. It will continue through fiscal year 2014 under a one-year optional extension of the contract that was based on performance.


Branstad Says Federal Deficit, Govt. Shutdown Hurt Job Recruitment Efforts

DES MOINES, Iowa (AP) - Gov. Terry Branstad says the federal government shutdown, health
care reform, and federal budget deficits make it harder to create jobs.
He says if the federal government would "get its act together and quit scaring people
and businesses" Iowa would be doing better at job creation.
When elected he promised to create 200,000 new jobs in five years. He sidestepped a
question Monday about whether he believes he's on track to fulfill that goal.
Branstad says the key to job creation is to convince more people to live in the state.
He told reporters in his weekly news conference he's planning on unveiling an ambitious
plan in the months ahead aimed at bringing more people to Iowa with the skills to fill new
jobs he's planning on creating.

 

EMT Has Criminal Record, But Public Health Department Say He Is Not A Risk To Public

DES MOINES, Iowa (AP) - A northwest Iowa emergency medical technician has been convicted 23
times of state and federal crimes, but the Iowa Department of Public Health says he's little
risk to the public.
The Des Moines Register reported (http://dmreg.co/1gydbTJ ) Monday that the department's Bureau of Emergency Medical Services has certified Patrick Birgess as an emergency medical technician despite his extensive arrest record.
Between 1988 and 2004 he was convicted of crimes including drug possession, forgery, receiving stolen property, disorderly conduct, identity theft and unlawful entry of a motor vehicle.
Public Health Department spokesman Ken Sharp says the agency believes "Birgess can practice with minimal risk to the public." He notes Birgess has no criminal convictions in nine years.
A telephone number for Birgess couldn't be located.
---

 

 

 

 

   

Monday News, October 21

Out Of State Drivers More Likely To Be Stopped By Iowa State Patrol

DES MOINES, Iowa (AP) - Drivers with out-of-state plates are much more likely to be stopped by Iowa State Patrol when they drive across the state.
The Des Moines Register reviewed (http://dmreg.co/16kJcdl ) about 22,000 traffic
warnings and tickets issued by the State Patrol between 2008 and the end of last year. About
86 percent of those tickets and warnings went to out-of-state drivers.
Some lawyers and motorists question whether the State Patrol's interest in out-of-state
drivers is warranted, and they say troopers sometimes use minor offenses to conduct
questionable interrogations.
But officials defend the State Patrol's practices and say the state where a car is from
is only one factor considered. Sgt. Rob Mordini says troopers are also looking for
suspicious behavior on the part of drivers.
---


Iowa Residents Slowly Enrolling in Affordable Healthcare Plan

DES MOINES, Iowa (AP) - Iowa residents are slowly exploring their options under President
Barack Obama's health care law after technical glitches stalled the rollout of the new
online insurance marketplaces.
Detailed enrollment data is unavailable because the federal government, which is
running the exchanges in Iowa and 35 other states, has not provided any numbers since the
marketplaces were launched October 1st.
But Leigh McGivern , a spokeswoman for CoOportunity Health, one of the two insurance
companies participating in the Iowa exchange, says they have had 16 people enroll in plans
using the exchange during the first two weeks.
A spokeswoman for Iowa's other exchange provider, Coventry Health Care of Iowa, says
it's too soon to release any numbers.
The Obama administration isn't expected to provide enrollment data until later in the
fall.

 

Deere and Co. To Lay Off 100 Ankeny Workers

ANKENY, Iowa (AP) - Farm and construction equipment manufacturer Deere and Company says it
will lay off 100 more workers from its plant in Ankeny plant. The layoffs are being described as adjustments to meet market demand. The Illinois-based company told workers in mid-August that layoffs would take place in mid-September and early November.

 

Tourism Office To Host Photo Contest

DES MOINES, Iowa (AP) - The state tourism office is hosting a photo contest to find the
cover of the next Iowa Travel Guide.
The tourism office says people have until Sunday to upload a photo on Travel Iowa's
Facebook page. The top three photos will be selected and then the public will get to vote on
a winner.
The winning photo will be announced Nov. 12.
A similar competition last year drew 600 photo entries. Jessica Rilling, of Cedar Rapids, took the winning image, which was featured on the 100,000 printed copies of the guide and digitally on www.traveliowa.com. She did not receive any financial compensation for the photo.
A recent study showed that Iowa tourism generated $345 million in state tax receipts in
2012.

 

Casino Tycoon Steve Wynn Donates $25 Million To University Of Iowa

IOWA CITY, Iowa (AP) - Las Vegas casino tycoon Steve Wynn says he gave $25 million to the
University of Iowa after becoming convinced that its researchers were leading the world in
the search for a blindness cure.
Wynn tells The Associated Press that researchers "are knocking on the door" of a discovery that was once unthinkable.
He spoke in an interview after the university celebrated the naming of the Stephen A. Wynn Institute for Vision Research during a ceremony Friday afternoon.
The chairman of Wynn Resorts Ltd. says that when he learned he had a genetic defect
that would slowly compromise his vision decades ago, "there was no hope." He says he now
believes that scientists will one day be able to restore vision by using stem cells to
replace diseased cells.

 

 

   

Page 660 of 1576

Search KLEM

Banner

Stock Market

1 DOW 17,851.51
+145.46 (0.82%)    
2 S&P 2,090.54
+14.48 (0.70%)    
3 NASDAQ 4,894.89
+33.83 (0.70%)    

Copyright 2010, Powell Broadcasting, Website developed by iCast Interactive