Health And Legal News

"Elizabeth Holmes Receives 90-Year Ban from Federal Health Programs"

Elizabeth Holmes, founder of Theranos, has been banned from federal health programs for 90 years following her conviction for fraud related to the inaccurate and faulty blood-testing claims made by her startup. The Health and Human Services Department can exclude individuals convicted of certain felonies from Medicare, Medicaid, and Pentagon health programs, essentially barring them from working in the broader health care system. The ban is a result of "certain aggravating factors" such as the longevity of Theranos' fraud and Holmes' imprisonment. This decision comes after a trial that determined the unreliability of Theranos' testing technology, which had raised hundreds of millions of dollars and involved partnerships with prominent entities before its downfall.