The House passed a bill today that will prohibit execs caught in healthcare fraud from doing any future business with Medicare and Medicaid. It will also allow the government to exclude parent companies that may be committing fraud through subsidiaries (or shells) from doing business.
House Passes Bill To Ban Execs For Healthcare Fraud // Pharmalot.
This is seen to be a much tougher penalty on companies convicted of fraud than a mere fine. Fines often represent a very very very minor fraction of revenues that can be earned via fraudulent activity - and don't seem to be much of a deterent.
The Senate will still need to act for the bill to become law. Round 'em up.
Posted by Bruce Lehr September 23rd 2010.
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