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Elizabeth Holmes barred from federal health programs for 90 years (arstechnica.com)

submitted 11 months ago by MicroWave to c/news

38 comments fedilink hide all child comments

Elizabeth Holmes—the disgraced and incarcerated founder of the infamous blood-testing startup Theranos—is barred from participating in federal health programs for nine decades, according to an announcement from the health department Friday.

The exclusion means that Holmes is barred from receiving payments from federal health programs for services or products, which significantly restricts her ability to work in the health care sector. It also prevents her from participating in Medicare, Medicaid, and other federal health care programs. With a 90-year term, the exclusion is lifelong for Holmes, who is currently 39.

The exclusion was announced by Inspector General Christi Grimm of the Department of Health and Human Services' Office of Inspector General.

Holmes is serving an 11-year, three-month sentence for defrauding investors of her blood-testing startup, Theranos, which she founded in 2003. At the time, Holmes claimed to have developed proprietary technology that could perform hundreds of medical tests using just a small drop of blood from a finger prick. The remarkable claim helped her drive the company's valuation to a stunning $9 billion in 2014, and set up lucrative partnerships. But, in reality, the technology never worked. The company collapsed in 2018, and she was convicted of fraud in 2022.

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[–] [email protected] 8 points 11 months ago (7 children)

It also prevents her from participating in Medicare, Medicaid, and other federal health care programs.

This is pretty unfair imo. I don't think she would going to used them, but still.

[–] Son_of_dad 4 points 11 months ago (2 children)

Imagine she's 80, broke, alone and is struggling. She's already served her time, but she's still not allowed health services? Seems kinda fucked, and it's fucked that the government has access to this slippery slope of banning convicts from health services

[–] adrian783 4 points 11 months ago

nah fuck her

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