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The article says it isn't clear what the monetary penalty would be.. but the letter CMS sent to theranos in March (re the newark lab) proposes a 10000$/day pena
by rgbrenner 10y ago
The article says it isn't clear what the monetary penalty would be.. but the letter CMS sent to theranos in March (re the newark lab) proposes a 10000$/day penalty for noncompliance that would continue until the lab is brought into compliance.
http://online.wsj.com/public/resources/documents/cms20160412.pdf http://online.wsj.com/public/resources/documents/cms20160412...
- schappim 10y agoThat's only 3.65M (or 2.4M if they only count business days) per year. Having no idea of the US system here, could they just continue in noncompliance mode? It wouldn't be the first time a valley business powers on and pays for noncompliance. I understand that Uber pays the fines it's drivers receive where it's service is illegal...
- jacquesm 10y agoThat fine could be increased if they continue to not be compliant, it could also be supplemented with different charges.