Saturday, January 12, 2013

Mario Piperni on Pink Slip Rick

Florida Governor, Republican Rick Scott, bought his way into office during 2010's Tea Party hysteria, was once the CEO of Columbia/HCA. 

The company pleaded guilty to 14 felonies and agreed to a $600+ million fine in the largest fraud settlement in US history. Columbia/HCA admitted systematically overcharging the government by claiming marketing costs as reimbursable, by striking illegal deals with home care agencies, filing false data about use of hospital space, and fraudulently billing Medicare.

The Columbia/HCA board of directors asked Scott to resign as Chairman and CEO following the inquiry. He was paid $9.88 million in a settlement and left owning 10 million shares of stock worth over $350 million. 

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