Elizabeth Holmes banned from government health programs

Former Theranos CEO Elizabeth Holmes has been banned from federal health programs for nine decades. She was sentenced to 11 years in prison after it was found that her blood-testing startup, Theranos, produced inaccurate and faulty results. The Health and Human Services Department can exclude individuals convicted of certain felonies from Medicare, Medicaid, and Pentagon health programs. The minimum ban in such cases is five years, but a longer exclusion was justified in Holmes’ case due to the longevity of Theranos’ fraud and Holmes’ imprisonment. Theranos raised a lot of money and named prominent former officials to its board before it was brought down.

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