The Department of Health and Human Services (HHS) has banned former Theranos CEO Elizabeth Holmes from federal health programs for 90 years. This decision follows several aggravating factors, including the length of time the acts were committed. Additionally, former Theranos President Sunny Balwani has also been banned for the same duration. The ban prohibits Holmes from earning payments from Medicare and Medicaid.
The HHS has banned Theranos founder and ex-CEO Elizabeth Holmes from federal health programs for nine decades. https://t.co/Sv0x8ZcWpF
Theranos's Elizabeth Holmes hit with 90-year ban from federal health programs Holmes was convicted in 2022 and sentenced to 11 years in prison, though she managed to get the sentence reduced to two years. She reported to prison in May 2023. Read more ⬇️ https://t.co/Skiw8ZVvmC
Elizabeth Holmes banned from federal health programs for 90 years https://t.co/gNalhEZlYs
Convicted fraudster Elizabeth Holmes barred from federal health programs https://t.co/mYcQZ7UtCM
#New: Elizabeth Holmes has been banned from participating in Federal Health Care programs for 90 years. The Department of Health and Human Services (@HHSGov) has also banned former Theranos President Sunny Balwani for 90 years. https://t.co/v8PcjcB9lY
For 90 years?! Feds bar Theranos founder Elizabeth Holmes from government health programs https://t.co/0ePgnG81HZ via @statnews @owermohle
Theranos founder and ex-CEO Elizabeth Holmes is banned from federal health programs for nine decades, the health department announced Friday. https://t.co/mJYiQYK1Bj
Elizabeth Holmes won't be able to earn payments from @MedicareGov or @MedicaidGov for 90 years Per @OIGatHHS, statutory minimum for an exclusion was five years but "several aggravating factors, including the length of time the acts were committed" https://t.co/HWr43fYQcu https://t.co/Z2KoZSDim5 https://t.co/8PldhBB3ib
HHS bans former Theranos CEO Elizabeth Holmes from federal health programs for life - https://t.co/c7IzBOYidE
What the hell happened in 1990 to cause that exponential growth in healthcare administration? https://t.co/UK85LRdjsg