A bipartisan anti-fraud bill that already passed the House of Representatives will be re-introduced next year because anonymous Republicans placed a hold on the proposed bill on the Senate floor, causing the legislation to not pass in Congress before adjourning for the year, according to a report by The Hill.
Rep. Pete Stark (D-Calif.) and Rep. Wally Herger (R-Calif.) proposed legislation that would empower the OIG to bar company executives from participating in Medicare, even after they have left their former convicted companies. Currently, company executives can only be barred from Medicare if they are still with the company at the time of a conviction.
The proposed legislation would also give the OIG the power to bar parent companies from participating in Medicare. In some situations, companies engaging in fraud set up shell companies to shield themselves from liability, and under current law, this leads to criminal settlements with the shell organizations and not the parent company itself.
Read the news report about the Strengthening Medicare Anti-Fraud Measures Act.
Read other coverage about anti-fraud legislation:
- Oklahoma Senator Introduces Anti-Fraud Legislation
- Bipartisan Anti-Fraud Legislation Passes in House
- House Passes Herger, Stark Bill Barring Execs from Working With Medicare Even After Leaving
Rep. Pete Stark (D-Calif.) and Rep. Wally Herger (R-Calif.) proposed legislation that would empower the OIG to bar company executives from participating in Medicare, even after they have left their former convicted companies. Currently, company executives can only be barred from Medicare if they are still with the company at the time of a conviction.
The proposed legislation would also give the OIG the power to bar parent companies from participating in Medicare. In some situations, companies engaging in fraud set up shell companies to shield themselves from liability, and under current law, this leads to criminal settlements with the shell organizations and not the parent company itself.
Read the news report about the Strengthening Medicare Anti-Fraud Measures Act.
Read other coverage about anti-fraud legislation:
- Oklahoma Senator Introduces Anti-Fraud Legislation
- Bipartisan Anti-Fraud Legislation Passes in House
- House Passes Herger, Stark Bill Barring Execs from Working With Medicare Even After Leaving