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> In separate civil settlements, Practice Fusion has agreed to pay approximately $118.6 million to the federal government and states to resolve allegations that
by kerkeslager 7y ago
> In separate civil settlements, Practice Fusion has agreed to pay approximately $118.6 million to the federal government and states to resolve allegations that it accepted kickbacks from the opioid company and other pharmaceutical companies and also caused its users to submit false claims for federal incentive payments by misrepresenting the capabilities of its EHR software.
> Of that $118.6 million, $113.4 million will be paid to the federal government and up to $5.2 million to states that opt to participate in separate state agreements.
So, nothing was taken from the personal bank accounts of the people who made these decisions, and nobody went to jail. That is to say, nothing was done about this.
The takeaway here is that you can murder people for money and as long as you do it behind the paperwork of a large corporation, you can get away with it.
The only people who pay the consequences are shareholders. Sure this incentivizes shareholders to try not to invest in sociopathic execs, but I'm not sure how possible that even is.