Florida recovers $27 million in Medicaid fraud settlement – Vi...

http://blogs.orlandosentinel.com/health/2010/07/20/florida-set...

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HOME | NEWS | WEATHER | SPORTS | MONEY | ENTERTAINMENT | TRAVEL | LIFE & FAMILY | HEALTH | BLOGS « Taste test: What are the best light beers? | Main | For sharp eyes…eat fish? » Florida recovers $27 million in Medicaid fraud settlement Uncategorized — posted by linda shrieves on July, 20 2010 3:03 PM Discuss This: Comments(1) | Add to del.icio.us | Digg it Attorney General Bill McCollum announced today that Florida has settled a Medicaid fraud lawsuit against Teva Pharmaceuticals. The $27 million settlement, which partially resolves two Leon County Medicaid fraud lawsuits, was negotiated by the attorney general’s Complex Civil Enforcement Bureau. As part of the settlement, the state of Florida’s general revenue fund will receive nearly $3.5 million. The state alleged that Teva Pharmaceuticals’ group of companies bilked taxpayers by setting and reported inflated prices for medications dispensed by pharmacies and other providers – who were then reimbursed by the Florida Medicaid program. The Medicaid program sets the reimbursement rates that it pays to pharmacies based on the prices reported by drug manufacturers like Teva. By reporting inflated prices, the drug makers caused the Florida Medicaid program to overpay millions of dollars in pharmacy reimbursements. In addition to the $3.5 million deposited into the state’s general revenue fund, the Florida Medicaid Fraud Informant Reward Program will receive over $387,000 to provide rewards for people who report and provide information relating to Medicaid fraud. The Agency for Health Care Administration, which is responsible for administering the Medicaid Program, will receive more than $7.1 million for the losses sustained by the Medicaid program. The remaining funds from the settlement will be paid 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-Care of the Florida Keys, Inc. on behalf of the state of Florida. The attorney general’s office investigated the claims and subsequently intervened in the lawsuits. The Leon County cases are ongoing against four other pharmaceutical companies: Mylan Laboratories, Actavis, Inc., Watson Pharmaceuticals, Inc., and Sandoz Pharmaceuticals. Add a comment Ads by Google ID Theft Protection AllClear ID Protects You From ID Fraud. Sign Up Today! AllClearID.com Bank of America® Cards With $0 Liability Guarantee, You're Not Responsible For Fraud Charges. www.BankOfAmerica.com/Solutions

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Sounds like they busted another criminal just like RICK SCOTT!!! Keep it going McCollum. Keep working on saving us tax payers money. Posted by: Republican Mom | Tuesday, July 20, 2010 at 8:31 PM The comments are closed.

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Florida recovers $27 million in Medicaid fraud settlement – Vi...

http://blogs.orlandosentinel.com/health/2010/07/20/florida-set...

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