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STILL fooling some of the people all of the time


misterkrusty
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That's crazy!

 

Would Munger every put a guy like that in any position?  Trump did though.  What does that say about Trump?

 

Rick Scott became governor of Florida after running HCA and massively ripping off the US govt. 

These things are mind boggling.

 

"Columbia/HCA

On 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.[31] Eight days after the initial raid, Scott signed his last SEC report as a hospital executive before resigning. He was succeeded by Thomas F. Frist Jr.[32] Four months later the board of directors pressured Scott to resign as Chairman and CEO.[33] He was paid $9.88 million in a settlement, and left owning 10 million shares of stock worth over $350 million.[34][35][36] The directors had been warned in the company's annual public reports to stockholders that incentives Columbia/HCA offered doctors could run afoul of a federal anti-kickback law passed in order to limit or eliminate instances of conflicts of interest in Medicare and Medicaid.[32]

In settlements reached in 2000 and 2002, Columbia/HCA pleaded guilty to 14 felonies and agreed to a $600+ million fine in the largest fraud settlement in U.S. 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.[4][5][6][7][8]

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.[37] In all, civil lawsuits cost HCA more than $2 billion to settle; at the time this was the largest fraud settlement in U.S. history.[38][39]"

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