Prescription Drugs - Medicine & Money
The truth about prescription drug costs.
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[click here]Voters: What's Going On?
It appears that pharmacy benefit managers consider multimillion-dollar payouts to settle fraud claims to just be a cost of doing business. They’ve paid out nearly $3 million to the federal government alone, and numerous big-buck cases are in the pipeline.
Despite these settlements, pharmacy benefit managers are making record-setting profits from the money patients and employers pay for health care.
Antitrust attorney and former policy director of the Federal Trade Commission David Balto says that while pharmacy benefit managers offer the promise of controlling pharmaceutical costs, there is a pattern of conflicts of interest, self-dealing and anticompetitive conduct that ultimately means consumers pay far more for drugs than necessary.
“The pharmacy benefit managers cannot avoid a simple truth,” Balto says. “No other market is faced by the landslide of lawsuits—by the Justice Department, more than 20 states ... full article
Legal Woes and Lawsuits
Partial List of Fraud Settlements and Jury Awards
Attorney General Abbott Pursues Tenn. Company For Bilking Texas Medicaid Program
Caremark's (CMX:NYSE) legal headache just got worse.
Ongoing Federal and State Litigation Regarding Pharmacy Benefit Managers
Texas Counties Partnering With Caremark: Pharmacy Benefit Manager Sued for Fraud