Christie testifies that DPAs helped save an industry
By Matt Friedman, PolitickerNJ.com ReporterWASHINGTON - Deferred prosecution agreements for medical implant companies have saved thousands of jobs, kept important devices on the market and have forced companies to pay money back to consumers and the federal government, Republican gubernatorial nominee Chris Christie argued in his opening statement before a House subcommittee.
Indictments of the companies, Christie said, would have had inexorable repercussions for an industry that employs 47,000 people and relies on Medicare for the majority of its payments. A conviction would bar them from participating in the program, he said, potentially dealing a death blow to a significant portion of the industry.
“Those lateral consequences, in my view, were something that absolutely had to be avoided,” he said.
Christie said that all companies who entered into the agreements approved of their monitors.
“It was made clear to our office that they had the opportunity to object, and if they did we’d choose another monitor,” he said.
Christie also noted that no public money was given to the companies, contradicting a comment made earlier by the subcommittee’s chairman, U.S. Rep. Steve Cohen (D-Tenn.).
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Quote of the Day
"Please. I wouldn't have enough paper. So let’s not even bother writing one. This is now about governing. I won. The one thing I could never understand about people in politics was winners who are sore winners." -- Gov.-elect Christopher Christie, on putting together an enemis list.
“He’s a nice man with good intentions, but in the end he’ll be remembered for timidity. Being a business titan and issuing orders from the corner office is a lot different than having to cajole and persuade people in politics and having the toughness and fortitude to see your vision become reality.”-- Ross K. Baker, a political scientist at Rutgers University, on Gov. Jon Corzine.
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