Where does the greed lie perhaps might be the question. Today it takes a lot of money to create a new drug and as we have seen from the new approach from the FDA, more information and documentation is required. Investors want a return on some of the biotech research that has not quite matured yet...
Posted to
The Medical Quack .... by Barbara Duck
on 10-26-2008
Filed under: Medically Related, Insurance, My Commentaries, healthcare, health insurance, Physicians, HMO, Hospitals, Fraud, NIH, Whistle Blower, Beware of Geeks Bearing Formulas, Greed
Not the same as what happened in Los Angeles, but the lawsuit alleges that additional revenues were gained by administering additional tests, treatments and wrong diagnoses. When funds run short, is this something we might have to be aware of? We all want good medical care, but in the news...
As the investigation continues, one homeless woman used the money for crack but yet her schizoaffective disorder was never treated. If one was looking to bill for additional money, and at least truly treat a patient, I would think this could have generated some legitimate funds. Also noted is the CFO...
Desperate hospitals taking desperate measures, with none of this being legal and lead a couple arrests with more to come. Empty beds cost hospitals money, so was this an attempt to fill the beds or fill some pockets. Over 50% of the hospitals in the US border on insolvency. ...
Posted to
The Medical Quack .... by Barbara Duck
on 08-06-2008
Filed under: Medically Related, Insurance, Other Items of Interest, healthcare, medicare, Hospitals, Medicaid, Los Angeles, Fraud, Homeless