Friday, December 20, 2002

Well it seems the worst thing that anyone can think of to say about Bill Frist is that his family made its money buying up non-profit hospitals, kicking out the dead weight (read poor people), and defrauding Medicare to the tune of a couple billion dollars. The company recently settled with the government for a fine of about $700 million making the total fines for the company since 1997 somewhere near 1.7 billion. As is often the case when companies steal billions, not one individual was jailed in this huge defrauding of the American people, and only two executives were ever charged with crime. Surpisingly those two executives, Jay Jarrell and Robert Whiteside, were convicted of conspiring to defraud the government and making false statements in Medicare reimbursement cost reports. Not suprisingly their convictions were overturned on appeal.

Frist's brother Thomas is CEO of Columbia/HCA. HCA (Hospital Corporation of America) was founded by the Frists' father Thomas Sr. in 1968. Bill Frist's personal stake in the company's stock is in the tens of millions of dollars. 3.4 million of that dirty money is what he used to get himself elected to the Senate as an unknown doctor from Tennessee in 1994. He is in line to head the Senate's Health, Education, Labor and Pensions Committees, and is the ranking member on the Subcommittee on Public Health... Well of course he is.

No comments: