You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #47: What an awful crew! For sheer corporate criminality, I'll pick Frist... [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
VOX Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-13-03 10:51 PM
Response to Original message
47. What an awful crew! For sheer corporate criminality, I'll pick Frist...
http://www.laweekly.com/ink/03/08/news-ireland.php
Frist was born rich, and got richer — thanks to massive criminal fraud by the family business. The basis of the Frist family fortune is HCA Inc. (Hospital Corporation of America), the largest for-profit hospital chain in the country, which was founded by Frist’s father and brother. And, just as Karl Rove was engineering the scuttling of Trent Lott and the elevation of Frist, the Bush Justice Department suddenly ended a near-decadelong federal investigation into how HCA for years had defrauded Medicaid, Medicare and Tricare (the federal program that covers the military and their families), giving the greedy health-care behemoth’s executives a sweetheart settlement that kept them out of the can.
<snip>
The senator has always claimed no current connection to HCA because the $26 million he and his wife hold in the company’s stock is in a so-called "blind trust." But it was the family’s dirty money that bought Frist a place in the Senate. In 1994, Frist — who’d never bothered to vote before first running for the Senate that year — spent some $3.4 million of his personal fortune to buy the seat from Tennessee (HCA’s headquarters) that he now occupies. Moreover, "In the Senate, Frist has used his influence to further HCA’s cause by stopping a strong patients’ bill of rights, gridlocking a mandatory Medicare prescription-drug benefit, and promoting caps on damages for victims who sue negligent hospitals like HCA’s," points out Jamie Court, executive director of the Santa Monica–based Foundation for Taxpayer and Consumer Rights, who adds, "The Senate should not replace a racist with a principal backer of one of the largest corporate swindles ever perpetrated against the American public. If Frist was a patriot first, he would have sold his HCA stock long ago."
<snip>
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC