4 ms·
Hell, one of the two Senators for Florida, Rick Scott, was a founder and CEO of a company that was guilty of one of the largest healthcare fraud cases in US hi
by dashundchen 4y ago
Hell, one of the two Senators for Florida, Rick Scott, was a founder and CEO of a company that was guilty of one of the largest healthcare fraud cases in US history, involving systematic fraudulent billing, unnecessary testing, bribes and fraudulent bookkeeping of Medicare.
Somehow he got off by resigning as CEO, and went on to be elected governor and then senator of Florida. Absolutely mind-boggling that he seemed to face no personal consequences for the fraud. In fact, when he resigned he was paid out millions and granted hundreds of millions in stock by the board.
https://www.justice.gov/archive/opa/pr/2003/June/03_civ_386.htm https://www.justice.gov/archive/opa/pr/2003/June/03_civ_386....
> Previously, on December 14, 2000, HCA subsidiaries pled guilty to substantial criminal conduct and paid more than $840 million in criminal fines, civil restitution and penalties. Combined with today's separate administrative settlement with the Centers for Medicare & Medicaid Services (CMS), under which HCA will pay an additional $250 million to resolve overpayment claims arising from certain of its cost reporting practices, the government will have recovered $1.7 billion from HCA, by far the largest recovery ever reached by the government in a health care fraud investigation.
https://en.wikipedia.org/wiki/Rick_Scott https://en.wikipedia.org/wiki/Rick_Scott
> Eight days after the initial raid, Scott signed his last SEC report as a hospital executive. Four months later, the board of directors pressured him to resign as chairman and CEO.[32] He was succeeded by Thomas F. Frist Jr.[33] Scott was paid $9.88 million in a settlement, and left owning 10 million shares of stock then worth more than $350 million
- robg 4y agoHCA is a huge health system. I’m no fan of Rick Scott, but hospitals are traditionally run independently. They have 180.
- hotpotamus 4y agoI suppose in a large enough system, the buck never stops anywhere.
- rootusrootus 4y agoAnd thus the reason for corporations in a single sentence.