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Regional Business News

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Broomfield tech company sued for investor fraud  Colorado’s securities commissioner filed suit against a Broomfield-based entity and its principals, saying they defrauded investors into raising nearly $3 million to fund a technology that has not made it to market. The state’s complaint was filed in Denver District Court against Colorcom Ltd. and its related businesses — IFR Technologies… Continue Reading Regional Business News

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MIAMI – Federal authorities arrested 32 people, including doctors, in a major Medicare fraud bust today in New York, Louisiana, Boston and Houston, targeting scams such as “arthritis kits” – expensive braces that many patients never used. It’s the third major sweep since Attorney General Eric Holder and Health and Human Services Secretary Kathleen Sebelius… Continue Reading Dozens arrested in Medicare fraud busts across U.S.

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Hospitals oppose deal to cut $155 billion

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At least one local hospital executive says the nation’s hospitals cannot afford a $155-billion-cut to Medicare and Medicaid.
Continue Reading Hospitals oppose deal to cut $155 billion

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Doctors – from internists to specialists – are increasingly unwilling to accept new Medicare patients, and many are opting out of the program completely. In Colorado Springs, 5,000 Medicare patients were left with no primary care doctor when the Colorado Springs Osteopathic Foundation closed. Many doctors opt out of Medicare because of the “hassle factor,”… Continue Reading ‘Hassle’ causing doctors to avoid new Medicare patients

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