Tuesday, November 14, 2006

Another black mark for the medical profession

The University of Medicine and Dentistry of New Jersey, the state's medical school, is being monitored by the Feds for such activities as Medicaid fraud, waste and no-bid contracts. Corzine appointed a new president within the past year. The monitor accuses the university of concealing a report which alleged that the university hired eighteen cardiologists as associate professors at $150,000+ per year. The problem was that the cardiologists needed to do nothing but refer their patients to the hospital's operating room.

It was not a bad deal for the university. They paid the cardiologists $6,000,000 and got back $36,000,000 from the government. Of course, if the allegations prove true, the fine will be substantial and probably exceed the $36,000,000.

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