U.S. representatives Wally Herger (R-Calif.) and Pete Stark (D-Calif.) have introduced a bill, which would expand the authority of the HHS OIG to allow it to ban corporate executives from doing business with Medicare if their companies were convicted of fraud, according to a news release by Mr. Herger.
The proposed legislation addresses two key concerns related to Medicare fraud. Currently, executives from companies that are convicted of fraud can be excluded from Medicare but cannot be barred from federal health programs if he or she has left the company by the time of a conviction. The bill would also address the concern over companies engaging in fraud that set up shell companies to shield themselves from liability, which only lead to criminal settlements with the shell organizations and not the parent company itself, according to the news release.
The two Congressmen are joined by 17 other colleagues in introducing the legislation.
Read Mr. Herger's news release about the introduced Strengthening Medicare Anti-Fraud Measures Act.
Read other coverage about federal legislation on healthcare fraud:
- New York Senator Introduces Bill to Stop Healthcare Fraud
- Florida Lawmakers Introduce Bipartisan Medicare Fraud Bill
The proposed legislation addresses two key concerns related to Medicare fraud. Currently, executives from companies that are convicted of fraud can be excluded from Medicare but cannot be barred from federal health programs if he or she has left the company by the time of a conviction. The bill would also address the concern over companies engaging in fraud that set up shell companies to shield themselves from liability, which only lead to criminal settlements with the shell organizations and not the parent company itself, according to the news release.
The two Congressmen are joined by 17 other colleagues in introducing the legislation.
Read Mr. Herger's news release about the introduced Strengthening Medicare Anti-Fraud Measures Act.
Read other coverage about federal legislation on healthcare fraud:
- New York Senator Introduces Bill to Stop Healthcare Fraud
- Florida Lawmakers Introduce Bipartisan Medicare Fraud Bill