The fraud case of Rick Scott

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Truthmatters, Feb 18, 2011.

  1. Truthmatters
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    Rick Scott - Wikipedia, the free encyclopedia



    Columbia/HCA fraud case detailsOn March 19, 1997, investigators from the FBI, the Internal Revenue Service and the Department of Health and Human Services served search warrants at Columbia/HCA facilities in El Paso and on dozens of doctors with suspected ties to the company.[18]

    Following the raids, the Columbia/HCA board of directors forced Scott to resign as Chairman and CEO.[19] He was paid $9.88 million in a settlement. He also left owning 10 million shares of stock worth over $350 million.[20][21][22]

    In 1999, Columbia/HCA changed its name back to HCA, Inc.

    In settlements reached in 2000 and 2002, Columbia/HCA plead guilty to 14 felonies and agreed to a $600+ million fine in the largest fraud settlement in US history. Columbia/HCA admitted systematically overcharging the government by claiming marketing costs as reimbursable, by striking illegal deals with home care agencies, and by filing false data about use of hospital space. They also admitted fraudulently billing Medicare and other health programs by inflating the seriousness of diagnoses and to giving doctors partnerships in company hospitals as a kickback for the doctors referring patients to HCA. They filed false cost reports, fraudulently billing Medicare for home health care workers, and paid kickbacks in the sale of home health agencies and to doctors to refer patients. In addition, they gave doctors "loans" never intending to be repaid, free rent, free office furniture, and free drugs from hospital pharmacies.[3
     
  2. Truthmatters
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    http://en.wikipedia.org/wiki/Rick_Scott


    Columbia/HCA fraud case detailsOn March 19, 1997, investigators from the FBI, the Internal Revenue Service and the Department of Health and Human Services served search warrants at Columbia/HCA facilities in El Paso and on dozens of doctors with suspected ties to the company.[18]

    Following the raids, the Columbia/HCA board of directors forced Scott to resign as Chairman and CEO.[19] He was paid $9.88 million in a settlement. He also left owning 10 million shares of stock worth over $350 million.[20][21][22]

    In 1999, Columbia/HCA changed its name back to HCA, Inc.

    In settlements reached in 2000 and 2002, Columbia/HCA plead guilty to 14 felonies and agreed to a $600+ million fine in the largest fraud settlement in US history. Columbia/HCA admitted systematically overcharging the government by claiming marketing costs as reimbursable, by striking illegal deals with home care agencies, and by filing false data about use of hospital space. They also admitted fraudulently billing Medicare and other health programs by inflating the seriousness of diagnoses and to giving doctors partnerships in company hospitals as a kickback for the doctors referring patients to HCA. They filed false cost reports, fraudulently billing Medicare for home health care workers, and paid kickbacks in the sale of home health agencies and to doctors to refer patients. In addition, they gave doctors "loans" never intending to be repaid, free rent, free office furniture, and free drugs from hospital pharmacies.[3][4][5][6][7]

    In late 2002, HCA agreed to pay the U.S. government $631 million, plus interest, and pay $17.5 million to state Medicaid agencies, in addition to $250 million paid up to that point to resolve outstanding Medicare expense claims.[23] In all, civil law suits cost HCA more than $2 billion to settle, by far the largest fraud settlement in US history.[24
     
  3. Defiant1
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    Don't be dissing my new governor.

    He's a great guy. I met him during the campaign and now he will be coming to speak at our county Republican dinner next month.
     
  4. WillowTree
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    WillowTree Diamond Member

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    don't mind her, she thinks he's govenor of Wisconsin.. cut her some slack.. :eusa_shhh:
     
  5. syrenn
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    And this thread.

    What thread my ass.

     
  6. Old Rocks
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    Check the silverware before he leaves.
     
  7. Old Rocks
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    Yup, Repukes don't like felons to vote, they just make them Governors.
     
  8. Toro
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    In fairness, he was never charged with anything. But even such, a massive fraud on his watch doesn't speak highly of any man's competency.

    As a reminder, he made his money on

    1.) Government money. From Medicare and Medicaid. Which is somewhat galling, given that if the government had cut back as he wants to, he would have less money.
    2.) Firing people. His strategy was as a "roll-up," buying other hospitals and axing staff
    3.) Fraud. Even if he didn't commit it, since he cashed stock options on stock prices that were driven higher by fraudulent profits. It is amazing that in America, you are allowed to keep those profits.

    But ...

    ... the voters elected him anyways. So he's the governor.

    Besides, there have been far worse people elected governor.
     
    Last edited: Feb 18, 2011
  9. Mad Scientist
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    Aren't you supposed to be destroying Darrell Issa as well?

    Maybe you could make a list of targets so we can keep em' all straight.

    Thanks!
     

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