"Dead Doctors' Society": PwC outdoes Andersen

[Grant Lee]

This deserves wider circulation ... from Channel 9 Australia's "Sunday"
program:

"...United Medical Protection, or UMP, has gone into provisional
liquidation - the only medical defence organisation in Australia, in fact,
the first in the world, to do so ... As many as one third of UMP's
membership - some 12,000 doctors - were not legitimate members at all, they'
d been struck off, denied insurance, they'd resigned, or retired. And many
were.simply dead."

<snip>

" ... Price Waterhouse Coopers indeed have some interesting questions to
answer. In N[ew]
S[outh] W[ales], the state with the largest number of doctors, they seem to
have the medical indemnity game sown up. They are both the auditors and
actuaries of UMP, for which they were paid more than one million dollars
over the last two years. But should they be performing both roles?"

<snip>

"... the diversity of roles played Price Waterhouse Coopers doesn't end
there. When the New South Wales government went looking for advice on
reforms to medical indemnity, Price Waterhouse Coopers accepted the
commission, even though they are both auditors and actuaries for the medical
defence organization that covers 90 per cent of the state's doctors - UMP."

"UMP: The Dead Doctors' Society"
June 23, 2002
Reporter : John Lyons
Producer : Nick Rushworth

http://sunday.ninemsn.com.au/sunday/cover_stories/transcript_1086.asp