Word: medicaid
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
FOUR SEASONS NURSING CENTERS OF AMERICA INC., now Anta Corp. Record high stock price (1969): $91. Low (1970): 6?. Last week: $7.25. Like many of the highflyers, Four Seasons was built on a solid idea: cashing in on then new Medicare and Medicaid legislation and the growing need for facilities to care for the nation's ailing aged. The company actually built 45 centers in 35 states, but its earnings figures were inflated. At one point, one part of Four Seasons was lending money to another part to enable the company to "buy" nursing centers from itself...
...reorganization plan through the state legislature, Watson was the smooth arm twister he assigned to persuade the most resistant rural legislators. Then Carter asked him to head up the largest and most controversial of his departments, human resources, which included sensitive programs in drugs, mental health, Medicaid...
...easy to castigate the Congress for legislating Medicare and Medicaid without enacting methods for controlling costs and prevents abuses," he said...
...bust took 18 months of sleuthing. Starting with a tip in late 1974, federal investigators painstakingly pieced together the facts of an intricate $20 mil lion Medicaid scheme and indicted 16 people in Chicago two weeks ago. By last week six of them had pleaded guilty, and one indicted doctor had committed suicide. The case is the latest example of the fastest-growing form of white-collar crime: ripping off Uncle Sam's multibillion-dollar social-welfare programs. But with the Chicago indictments, Uncle also served notice that he is finding new ways to strike back...
...Questions. Skinner is currently trying to RICO not only the accused Medicaid-fraud conspirators but a group of five nursing homes and two pharmacies also charged with Medicaid fraud, and Chicago's Tyler Barber College. The barber school scam particularly rouses Skinner. It, involves allegedly false Veterans Administration claims from dozens of otherwise "good citizens": fire men, policemen, Chicago transit workers and Federal Government employees who shared their V A monthly education benefits ($216 to $398) with the school but never went to class or snipped a hair. Worries Skinner: "With the potential for fraud so easy...