Elizabeth Holmes barred from federal health programs for 90 years
Theranos CEO and founder Elizabeth Holmes. (credit: Max Morse for TechCrunch)
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Elizabeth Holmes-the disgraced and incarcerated founder of the infamous blood-testing startup Theranos-is barred from participating in federal health programs for nine decades, according to an announcement from the health department Friday.
The exclusion means that Holmes is barred from receiving payments from federal health programs for services or products, which significantly restricts her ability to work in the health care sector. It also prevents her from participating in Medicare, Medicaid, and other federal health care programs. With a 90-year term, the exclusion is lifelong for Holmes, who is currently 39.
The exclusion was announced by Inspector General Christi Grimm of the Department of Health and Human Services' Office of Inspector General.