JOBSCARSREAL ESTATEAPARTMENTS & RENTALSFORECLOSURESMARKETPLACEMORE
Taste test: What are the best light beers?
For sharp eyes…eat fish?
Florida recovers $27 million in Medicaid fraud settlementUncategorized
— posted by linda shrieves on July, 20 2010 3:03 PMDiscuss This:
Add to del.icio.us
Attorney General Bill McCollum announced today that Florida has settled a Medicaid fraud lawsuit against TevaPharmaceuticals.The $27 million settlement, which partially resolves two Leon County Medicaid fraud lawsuits, was negotiated by theattorney general’s Complex Civil Enforcement Bureau. As part of the settlement, the state of Florida’s general revenuefund will receive nearly $3.5 million.The state alleged that Teva Pharmaceuticals’ group of companies bilked taxpayers by setting and reported inflated pricesfor medications dispensed by pharmacies and other providers – who were then reimbursed by the Florida Medicaidprogram.The Medicaid program sets the reimbursement rates that it pays to pharmacies based on the prices reported by drugmanufacturers like Teva. By reporting inflated prices, the drug makers caused the Florida Medicaid program to overpaymillions of dollars in pharmacy reimbursements.In addition to the $3.5 million deposited into the state’s general revenue fund, the Florida Medicaid Fraud InformantReward Program will receive over $387,000 to provide rewards for people who report and provide information relating toMedicaid fraud.The Agency for Health Care Administration, which is responsible for administering the Medicaid Program, will receivemore than $7.1 million for the losses sustained by the Medicaid program. The remaining funds from the settlement will bepaid directly from the settlement to the federal government and to the whistleblower, Ven-A-Care of the Florida Keys.The allegations constitute violations of the Florida False Claims Act and were originally filed by whistleblower Ven-A-Careof the Florida Keys, Inc. on behalf of the state of Florida. The attorney general’s office investigated the claims andsubsequently intervened in the lawsuits. The Leon County cases are ongoing against four other pharmaceuticalcompanies: Mylan Laboratories, Actavis, Inc., Watson Pharmaceuticals, Inc., and Sandoz Pharmaceuticals.
Add a commentAds by GoogleID Theft Protection
AllClear ID Protects You From ID Fraud. Sign Up Today!
AllClearID.comBank of America® Cards
With $0 Liability Guarantee, You're Not Responsible For Fraud Charges.
Sounds like they busted another criminal just like RICK SCOTT!!! Keep it going McCollum. Keep working on saving us taxpayers money.Posted by:
Tuesday, July 20, 2010 at 8:31 PM
The comments are closed.SearchSearch for: Search
Subscribe to this blog's feed
Subscribe to our blog via email
Enter your email address
FeedBurner HEALTH NEWS FROM HEALTHKEY.COMCalorie counts appearing on fast-food menus inCaliforniaCongress poised to pass ambitious food-safety billActivia health claims were a little overblown -- evenfor yogurtFood-borne illnesses make 1 in 6 Americans ill eachyear, CDC saysDeciphering claims made on food labelsDoes your body need an oil change?Chemicals in pomegranate could help in fightingcancer Dirty money: BPA on dollar billsMeditate on thisHow to clean your fridge
Brevard County Health DepartmentCenters for Disease Control and PreventionCounty Health DepartmentFlorida Department of HealthHealth News FloridaLake County Health DepartmentNational Alliance on Mental Illness /FloridaOsceola County Health DepartmentPrimary Care Access NetworkSeminole County Health DepartmentUniversity of Central Florida College of MedicineVolusia County Health DepartmentWeb MD
department of healthdisease
LIFE & FAMILY
Florida recovers $27 million in Medicaid fraud settlement – Vi...http://blogs.orlandosentinel.com/health/2010/07/20/florida-set...1 of 212/31/10 10:53 AM