We have ignored the Healthcare System in our country for decades and look where we are! Our Ignorance and tolerance of the so-called Market Driven Health Care has resulted in Disaster! The biggest culprit, those Corporate Executives , Insurance Companies,Lobbyists and our lawmakers, the politicians. All equally guilty of GREED! Although our government and the laws written have allowed an open door to Fraud, it is time to bring the Corporate Criminals & Politicians to Justice.
Monday, December 17, 2007
TRIAD ACQUISITION.....JULY 2007 ...Really?
Community Health Systems (CHS) has disclosed in securities filings that the U.S. Department of Justice is investigating three of its hospitals on charges that the New Mexico facilities caused the state to submit false federal claims. The DoJ is attempting to determine whether the facilities submitted inappropriate claims with the state's program for reimbursing hospitals for indigent care, CHS says. The current actions by the DoJ expand on an ongoing civil investigation, touching on CHS hospitals in Arkansas and South Carolina, which first kicked off in February 2006. CHS, which acquired Triad Hospitals in July for $6.97 billion, also reported net income of $10.5 million on revenue of $2.35 billion, up from $8.2 million net income on revenue of $1.12 billion in the same quarter last year.
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