Transcription of LARGEST HEALTHCARE FRAUD SETTLEMENTS
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LARGEST HEALTHCARE FRAUD SETTLEMENTS
LARGEST HEALTH CARE FRAUD SETTLEMENTS 1997- JANUARY 25, 2006 (LAST UPDATE) Taxpayers Against FRAUD Education Trust Since 1986, False Claims Act judgments and SETTLEMENTS against FRAUD feasors have totaled over $12 billion. Below are the top 20 recoveries to date. 1) Tenet Heathcare -- $900,000,000 under the False Claims Act In July 2006, Tenet HEALTHCARE (formerly known as NME, see #9 on this list) agreed to pay the Federal Government $900 million for billing violations that include manipulation of outlier payments to Medicare, as well as kickbacks, upcoding, and bill padding. The DoJ press release notes that the settlement was based on the company's ability to pay; a nice of saying that Tenet stole more money than was recovered in this settlement . 2) HCA -- $731,400,000 under the False Claims Act In December 2000, HCA The HEALTHCARE Company (formerly known as Columbia HCA), the LARGEST for-profit hospital chain in the United States, pled guilty to criminal conduct and agreed to pay more than $840 million in criminal fines, civil penalties and damages for unlawful billing practices.
4) Serono-- $567,000,000 under the False Claims Act In October of 2005, Serono agreed to pay $704 million to settle a fraud case involving Serostim, a human growth hormone product used to fight AIDS-related wasting.
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