It’s the largest settlement for health care fraud in U.S. history. Drug company GlaxoSmithKline has been ordered to pay $2 billion in damages for misrepresenting its products through marketing and pricing. It will also pay another $1 billion criminal fine. The company was marketing some of its drugs for purposes for which they were not intended or approved by the FDA. Some of the drugs involved included well known names like Paxil, Wellbutrin and Advair. The company was also accused of offering kickbacks to medical professionals, and underpaying rebates owed to government programs. Wisconsin’s cut of the settlement is $9.6 million dollars. State Attorney General J.B. Van Hollen says the money will go to Wisconsin’s Medicaid program.







Fri, Jul 6, 2012
Blog, Frauds, Medicaid