… I mean, the many processes by which this can be done…

University-wise, there’s the whole for-profit college scam, covered extensively on this blog (category: Click-Thru U.), and still, despite a few state and federal efforts to shut it down, going strong.

Much more notoriously, there’s ye olde Medicare and Medicaid reimbursement scam, one prominent component of which involves hospital systems paying doctors immense sums to refer patients to them, and then submitting immense numbers of bogus claims based on those referrals.

The biggest penalty so far paid out by a dirty hospital system is the just-announced $118 million case against Adventist Health System, whose CEO sits on the board of trustees of Alabama’s Oakwood University, and whose business was recently named one of fifty “great health systems to know.” Oakwood is a religious school, and this CEO, Donald Jernigan, is always on about our spiritual health even as his business is screwing us six ways to Sunday.

It’s obvious where the ill-gotten gains go.

Hospital chief executives are kind of like the head football coaches of state-salaried workers: many of the highest paid public employees in Florida are executives in the health care industry. Donald Jernigan, CEO of Adventist Health System, takes home a reported $1.98 million annually for his work as head of the non-profit hospital organization which often draws down state money, as well as more than $250,000 in incentives and bonuses.

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One Response to “The fraudulent conversion of our taxes to personal profit has always fascinated UD…”

  1. Jack/OH Says:

    How many career politicians and government administrators are there who’ve never collected more than a government pay check, but are nonetheless millionaires several or many times over?

    How many nominal free-market fanboys are the CEOs of companies that derive most of their revenues from the nasty ol’ gubmint?

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