Damn….
4.26.2012 Leave a comment
Wednesday was a very bad day for Mary Tolan and the company she runs, Accretive Health. Not only had the State of Minnesota taken action against Accretive Health, but:
Shares of Accretive Health plunged 42 percent, or $7.74, Wednesday to close at $10.75, as the scope and detail of the allegations became clear, a day after [Minnesota Attorney General Lori] Swanson’s office released a six-volume report on her investigation.
The Wall Street Journal reported that “An Accretive spokeswoman declined to comment on the company’s share price but said the company has ‘a great track record of helping hospitals enhance their quality of care.'” Only in a bizarro world would patient harassment count as an enhancement of care quality.
Accretive’s stock price trend is ominous:
Going down
The expectation driving this trend issues from the belief that litigation will compel Accretive Health to change its dubious business practices.
Related articles
- Need a job? Lack a soul? (atung.net)
- Accretive Health Being Investigated After Sending Debt Collectors Into Emergency Rooms (inquisitr.com)
- Accretive Exposed (thehealthwonk.wordpress.com)
- Debt collector’s alleged questionable tactics raise questions in Utah ()
- Minn. AG cites Accretive for debt tactics (heraldonline.com)
- Minn. AG cites Accretive for debt tactics (kansascity.com)
- Debt collectors under fire for emergency room tactics (kansascity.com)
- Accretive Health under fire for debt collection methods (clickondetroit.com)
- Accretive shares plummet after critical AG report (kansascity.com)
- Minn. AG cites Accretive for debt tactics (miamiherald.com)
Austerity kills
1.25.2014 Leave a comment
It is always worth making the effort to recognize that an unnecessary but not pointless austerity politics creates adverse and, sometimes, existential problems for those individuals without the means or power to solve their personal problems. These individuals can only suffer what they cannot avoid. Scot Rosenzweig of Allentown, PA confronted Pennsylvania Governor Corbett with this issue, forcing him to defend his support for his Healthy Pennsylvania project, derided by its critics as CorbettCare. Corbett notoriously refused to accept the greater Medicaid monies authorized by the Affordable Care Act. Corbett eventually proposed a plan that would limit the scope and efficacy of the health care provided by the state of Pennsylvania to its poorest citizens. Currently, thanks to Corbett’s ideologically motivated scheming, Pennsylvania has neither an expanded Medicaid program nor even the lesser CorbettCare. At least one death can be attributed to this lack:
Her death did not faze Corbett, however.
Filed under Commentary Tagged with Affordable Care Act, Austerity Politics, Barack Obama, Class Politics, Class War, CorbettCare, Democratic Party, Economic Predation, Health care, Health Care Crisis, Health care reform, Medicaid, Neoliberalism, Party Duopoly, Pennsylvania, Politics, Republican Party, Single Payer Health Care, Tom Corbett, United States