http://www.politicalgateway.com/main/columns/read.html?col=338This article is from April 18, 2005.
SNIP..."Recently the Bush Justice Department suddenly ended a near-decade long 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 a Federal Correctional Institution.
By the way HCA Inc. (Hospital Corporation of America), the largest for-profit hospital chain in the country, was founded by Frist’s father and brother."
SNIP..."The deal that was struck had HCA agreeing to pay the government $631 million in fines. That, on top of previous fines, brought the total government penalties against the health-care conglomerate to a whopping $1.7 billion, the largest fraud settlement in history, breaking the old record set by Drexel Burnham.
Perhaps even more important than the record fines and penalties, in making the deal, HCA protected its ability to continue to participate in Medicare. This case was referred to by Deputy Assistant FBI Director Thomas Kubic as ".....one of the FBI’s highest-priority white-collar crime investigations."
There were no criminal charges brought against any of the top HCA executives who presided over the illegal bilking of federal programs designed to aid the poor. That also included Senator Frist’s brother, Thomas, HCA’s former CEO and currently a director. Thomas Frist has been described by Forbes magazine as "one of the richest men in America," with a personal fortune estimated at close to $2 billion."
SNIP...
"And while Senator Frist did not directly participate in the bilking of the American taxpayer, no one can doubt for one minute he was either directly or indirectly behind the deal of a lifetime for a corporation he and his wife hold $26 million in the company’s stock. While it is in a so-called "blind trust," the value of the stock is still an asset to a man who used his family’s money to help him secure his place in the Senate....""Now that he is in the Senate, Frist has certainly used his influence to further HCA’s cause by stopping a strong patients’ bill of rights, grid locking a mandatory Medicare prescription-drug benefit, and promoting caps on damages for victims who sue negligent hospitals like HCA."
Oh, and don't forget the Filibuster Against Frist at Princeton. Rush Holt is joining them.
http://www.talkingpointsmemo.com/archives/week_2005_04_24.php#005545