- Columbia/HCA Paid "More Than
$1.7 Billion In Civil And Criminal Penalties." The New York Times reported that under an agreement with the
Justice Department, HCA would pay $630 million in fines and penalties to
resolve all outstanding civil litigation with the Justice Department. An
additional $250 million would be paid by HCA to the Medicare program to resolve
expense claims submitted by the company to the government...Combined with
previous settlements HCA has negotiated with the government involving fraud
accusations -- including its agreement in 2000 to plead guilty to 14 felonies
-- the company will be paying a total of more than $1.7 billion in civil and
criminal penalties, by far the largest amount ever secured by federal
prosecutors in a health care fraud case." [New York Times, 12/18/2002]
Rick Scott Forced To Resign Amid Fraud Charges. According to Forbes: "The investigation and the plea is an obvious blow to a company that became a Wall Street darling by promising to bring first-class business practices to the hospital sector, still dominated by not-for-profits. Under former Chief Executive Richard Scott, it bought hospitals by the bucketful and promised to squeeze blood from each one. Scott was forced to resign in the wake of the initial fraud charges in 1997." [Forbes, 12/15/00]










