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Medi- Minutes
Columbia/HCA Reaches Settlement for $745
Million
The nation’s largest hospital chain, Columbia/HCA Healthcare
Corp., has reached a tentative agreement to pay the federal government
$745 million as a partial settlement of a massive billing fraud investigation.
The Justice Department stated, however, that it has not settled all the
issues it has been investigating, and that it will be seeking more money
from the hospital giant.
Columbia/HCA has been under investigation for at least
three years, after whistleblowers alleged that the company was submitting
false claims to Medicare and Medicaid. Industry analysts estimate the overall
settlement to exceed $1 billion.
Source: Bloomberg News 5-19-2000
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