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You are here: Home / NEWS . . . . . . . . / Pharmaceutical Companies / In shift, feds target execs in healthcare fraud

In shift, feds target execs in healthcare fraud

June 1, 2011 By Norma Leave a Comment

WASHINGTON (AP) — 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.

Read more….

[Note from SaneVax:  This may be just the thing medical consumers need to finally force someone to be held accountable for the safety, efficacy and need of vaccines and/or medications being marketed under misleading, or out and out false claims.  Let’s hope no one drops the ball on this one.]

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Filed Under: Pharmaceutical Companies Tagged With: execs liable, feds, healthcare fraud

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Description 12/14/2019  TOTAL
Disabled 3,092
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