According to an exclusive Politico report, President Joe Biden’s brother Jim Biden played a major role in a company called Americore, which the government has accused of massive Medicare fraud.
Jim Biden had no experience running hospitals but leveraged connections to brother Joe in order to scam the company out of hundreds of thousands of dollars while trying to secure equity for Joe.
“This would be a perfect platform to expose my Brothers team to [your] protocol,” Jim Biden wrote to the CEO of a Tampa-area company that controlled licensing rights to an experimental cancer treatment the hospital operator wanted to offer. “Could provide a great opportunity for some real exposure.”
That was back in 2017, during the final years of the Obama Administration.
From Politico:
The email, obtained by POLITICO from a person close to the company, documents one of the many ways in which Jim Biden invoked his brother’s name and clout in the course of his work with Americore, which has since gone bankrupt, wreaking havoc in rural communities in the process.
Jim Biden spoke of plans to give his brother equity in Americore, according to one former Americore executive, and install him on its board, according to a second. He also said that if Americore could find a winning business model for rural health care, his brother could promote the company in a future presidential campaign, a third former executive told POLITICO. All were granted anonymity to discuss a company mired in legal and political controversy
In order to fund Americore’s expansion, Jim Biden offered to secure capital from investors in the Middle East, according to the emails and executives. When the expected money did not arrive, it aggravated Americore’s preexisting financial issues. The company collapsed, leaving behind unpaid bills and neglected patients.
The management failures took a human toll as hospital staff went unpaid, services dwindled, and authorities were forced to intervene. At Americore’s hospital in southeastern Kentucky — ravaged by staff departures and dwindling medical supplies — a patient died of cardiac arrest in late 2018 after receiving substandard care, according to a Department of Health and Human Services report obtained by POLITICO.
Four years after its bankruptcy, federal investigators are still pursuing questions about what else happened at Americore.
Read the full story over at Politico:
NEW: Biden’s brother used his name to promote a hospital chain. Then it collapsed. https://t.co/Ssv8TN3e7g
— RNC Research (@RNCResearch) February 18, 2024
