Florida Attorney General sues six pharmaceutical companies for price fixing and possibly defrauding Medicaid

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Demonstrating yet again that pharmaceutical companies will do anything to make a buck, six such companies are under fire by the Florida Attorney General who has issued civil subpoenas concerning potential overcharges to Medicaid in the amount of $100 million. Apparently, the pharmaceutical companies involved in this scam inflated the "wholesale" prices charged to Medicaid, thereby pocketing additional profits at the expense of taxpayers.

That pharmaceutical companies would overcharge the government for prescription drugs should come as no surprise to anyone familiar with the dealings of the industry. Companies routinely mark up prescription drugs as much as 500,000% over the cost of the raw ingredients, and they engage in monopolistic, mob-like behaviors to block competing, lower cost drugs from Canada and other countries.

In the mean time, the pharmaceutical industry has long since demonstrated its own alarming lack of ethics by, for example, hiding the results of negative drug trials, distorting other trials to show false benefits of drugs, and outright bribing physicians with so-called "consulting fees" if they'll write more prescriptions for their drugs.

I've frequently called for criminal investigations of pharmaceutical companies and even the FDA. This action by the Florida Attorney General is a step in the right direction, but it barely scratches the surface of the extremely profitable criminal operation known as Big Pharma.
About the author: Mike Adams is a consumer health advocate with a passion for teaching people how to improve their health He is a prolific writer and has published thousands of articles, interviews, reports and consumer guides, reaching millions of readers with information that is saving lives and improving personal health around the world. Adams is a trusted, independent journalist who receives no money or promotional fees whatsoever to write about other companies' products. In 2007, Adams launched EcoLEDs, a maker of super bright LED light bulbs that are 1000% more energy efficient than incandescent lights. He also launched an online retailer of environmentally-friendly products (BetterLifeGoods.com) and uses a portion of its profits to help fund non-profit endeavors. He's also a noted pioneer in the email marketing software industry, having been the first to launch an HTML email newsletter technology that has grown to become a standard in the industry. Adams also serves as the executive director of the Consumer Wellness Center, a non-profit consumer protection group, and enjoys outdoor activities, nature photography, Pilates and adult gymnastics. Known as the 'Health Ranger,' Adams' personal health statistics and mission statements are located at www.HealthRanger.org


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Related Articles: • The great direct-to-consumer prescription drug advertising con: how patients and doctors alike are easily influenced to demand dangerous drugs • Pharmaceutical fraud: How Big Pharma's marketing and profits come before consumer safety and wellness • New study shows that 94% of marketing claims made by pharmaceutical companies have no basis in fact	Take Action: Support NaturalNews.com Email this article to a friend Share this article on: NewsVine | digg | del.icio.us Permalink to this article: http://www.NaturalNews.com/001449_pharmaceutical_companies_Medicaid_Big_Pharma.html Reprinting this article: Non-commercial use OK, cite NaturalNews.com with clickable link. Embed article link: (copy HTML code below): <a href = "http://www.NaturalNews.com/001449_pharmaceutical_companies_Medicaid_Big_Pharma.html">Florida Attorney General sues six pharmaceutical companies for price fixing and possibly defrauding Medicaid</a>