"Dead Doctors' Society": PwC outdoes Andersen

Grant Lee grantlee at iinet.net.au
Thu Jun 27 05:11:24 PDT 2002


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



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