Cheery news

This is great!

WASHINGTON — It’s getting personal now. In a shift still evolving, federal enforcers are targeting individual executives in health care fraud cases that used to be aimed at impersonal corporations.

The new tactic is raising the anxiety level – and risks – for corporate honchos at drug companies, medical device manufacturers, nursing home chains and other major health care enterprises that deal with Medicare and Medicaid.

Previously, if a company got caught, its lawyers in many cases would be able to negotiate a financial settlement. The company would write the government a check for a number followed by lots of zeroes and promise not to break the rules again. Often the cost would just get passed on to customers.

Now, on top of fines paid by a company, senior executives can face criminal charges even if they weren’t involved in the scheme but could have stopped it had they known. Furthermore, they can also be banned from doing business with government health programs, a career-ending consequence.

One thought on “Cheery news

  1. And yet, the Supremes reversed the fed appeals court on this

    So, the smart move would be to fire up & leverage the MediCo CEOs (and their peeps) to lobby that the Feds to be held accountable?

    Any decent proggie candidate should be in their ears about it.

    “If the wall of corporate citizenship is going to have some brick-by-brick holes in it, then it should work both ways.”

Comments are closed.