Thursday, September 23, 2004

A good reason for tort reform?

And this from an article in the September 27, 2004 issue of Time Magazine on exhorbitant hospital bills. Note that the hospital's CEO gets paid a butload of money (and has benefits), while his hospital sues people making $7 an hour. And the hospital is one of Albany, Georgia's most litigious parties! I bet Bush would seek out some exemption that would place absolutely no restrictions on this type of bullshit. Yeah, bankrupt these people living in poverty so that your damn CEO can live in the lap of luxury.

Probing Phoebe's IRS tax filings, they found that CEO Joel Wernick was paid $707,000 (including benefits) in Phoebe's 2002 fiscal year and had an interest-free loan from the hospital for $85,300. The filings also showed that Phoebe had more than $300 million in net assets and reported offshore entities in the Cayman Islands worth some $15.5 million. At the same time, Phoebe had sued citizens in the Dougherty County area, one of the nation's poorest, hundreds of times over a five-year span, making the hospital one of the region's most litigious parties. Phoebe garnished the wages of patient Virginia Franklins, 49, even though she made $7 an hour pressing men's dress shirts and had no house or car to her name. After that, Franklins says, "I couldn't afford to pay my bills." She now lives off welfare, caring for a 13-year-old niece as well.

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