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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Medicaid

Whistleblowers reaped record amount last year

Posted by RJ and Makay on Jan 10, 2012

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whistleblowersWhistleblowers earned a record $532 million in 2011 through private-party lawsuits alleging fraud committed against the U.S. government, according to a study published last Friday by the law firm Gibson, Dunn & Crutcher.  The record amount was $140 million more than whistleblowers recovered in 2010.  Filed under the False Claims Act, the cases enabled the Department of Justice (DOJ) to recover $2.8 billion of $3.02 billion that the government recovered in 2011.

9.3 million Americans lost health insurance during the recession

Posted by RJ and Makay on Dec 12, 2011

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InsuranceApproximately 9.3 million American adults lost health insurance coverage due to increased unemployment during the recession of 2007-2009, according to a new study by researchers at Cornell, Indiana and Carnegie Mellon universities.  The study, “The Impact of the Macroeconomy on Health Insurance Coverage: Evidence From the Great Recession,” relies on data from the Census Bureau.