TV News LIES

Monday, Jul 28th

Last update06:04:47 AM GMT

You are here News Health McKesson to pay $151M to settle drug-pricing suit

McKesson to pay $151M to settle drug-pricing suit

E-mail Print PDF

McKesson Corp.McKesson Corp. will pay $151 million to 29 states and the District of Columbia to settle a lawsuit alleging the company inflated prices of hundreds of prescription drugs, causing state Medicaid programs to overpay millions of dollars in reimbursements, officials said Friday.

The agreement with San Francisco-based McKesson, one of the country's largest drug wholesalers, settles allegations the company deliberately inflated drug prices by as much as 25 percent from 2001 to 2009.

An investigation by state and federal agencies found that McKesson overbilled for more than 1,400 brand-name drugs from 2001 to 2009. They include commonly prescribed medications such as Adderall, Allegra, Ambien, Celexa, Lipitor, Neurontin, Prevacid, Prozac and Ritalin, officials said.

California will receive about $24 million of the settlement, said state Attorney General Kamala Harris. That money will go to the state Medicaid program, not recipients.

"In these difficult budget times, it is crucial that California's scarce public resources support the urgent needs of our state," Harris said in a statement. "We cannot allow dollars meant for patients to be diverted to inflate corporate profits."

McKesson representative Kris Fortner said the claims against the company are without merit, but "given the inherent uncertainty of litigation, we determined that this settlement was in the best interest of our employees, customers, suppliers and shareholders."

More...


Most Recent Related Stories...


Ebola now taking toll on doctors and other health care workers

Ebola kills doctorAn Ebola outbreak that has killed more than 670 people in Africa is now taking a...

Fed Court: Florida: doctors cannot discuss gun safety with patients

doctors cannot discuss gun safetyA federal appeals court is upholding a Florida law restricting what doctors can discuss about guns...

HIV/AIDS has migrated to Deep South, where stigma endures

HIV in AlabamaDr. Laurie Dill pointed to a large map in the hallway of Medical AIDS Outreach of...

Nationwide fruit recall issued over bacteria fears

national fruit recallWawona Packing Co. – a major supplier to Trader Joe’s, Walmart and other nationwide retailers –...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!