Home
Subscribe (free)
About NaturalNews
Contact Us
Write for NaturalNews
Media Info
Advertising Info
Price fixing

Drug companies sued by South Carolina in price fixing scam

Friday, August 04, 2006 by: NewsTarget
Tags: price fixing, drug racket, health news

Most Viewed Articles
http://www.naturalnews.com/019879_price_fixing_drug_racket.html
Delicious
diaspora
Print
Email
Share
(NewsTarget) South Carolina's attorney general has filed a $40 million lawsuit against five out-of-state pharmaceutical companies for allegedly inflating prescription drug prices for Medicaid programs in the state.

The suit claims that the drug companies -- Abbot Laboratories Inc., Baxter International Inc., Dey L.P., Boehringer Ingelheim Roxane Inc. and Schering-Plough Corporation -- have intentionally overcharged South Carolina's two largest prescription drug health plans by more than $40 million since 1991. The lawsuit claims that the companies purposefully inflated the wholesale price charged to a patient's health plan by pharmacies.

"The drug companies are overcharging the taxpayers in South Carolina," says state Attorney General Henry McMaster. "The goal of this [lawsuit] is to bring that money back ... and also to restore public confidence in the stewardship of public funds."

South Carolina's Medicaid program -- intended for use by the state's elderly and poor citizens -- spent more than $300 million on prescription drugs from the five companies, and the State Health Plan spent more than $100 million to cover nearly 30 percent of South Carolina residents, McMaster says.

According to McMaster, about 20 other states have filed price-fixing lawsuits against pharmaceutical companies, and either Schering-Plough or Warrick Pharmaceuticals -- a Schering-Plough subsidiary -- has been named in most of those lawsuits. Schering-Plough could not comment on the lawsuit.

Big Pharma critic Mike Adams, however, had this to say: "It's the same old price-fixing scheme that pharmaceutical companies have been using to bilk taxpayers in all fifty states. Amazingly, though, no state has yet been willing to prosecute these corrupt companies, and they're all settled out of court with no admission of wrongdoing."

###

Join the Health Ranger's FREE email newsletter
Get breaking news alerts on GMOs, fluoride, superfoods, natural cures and more...
Your privacy is protected. Unsubscribe at any time. | Learn more...
comments powered by Disqus

The War on Independent Media Has Begun

A coordinated censorship attack is being waged against the entire independent media by Google, YouTube and Facebook. After we were banned by Google for nearly a week, now Facebook is deliberately blocking the sharing of our stories to further censor our important reporting for human freedom and medical choice. Soon, the only way we will be able to reach you is via email, and Google is sometimes blocking our email delivery to gmail users.

Enter your email address below to subscribe to our email announcement list (but don't use gmail). Your privacy is protected and you can unsubscribe at any time. If you don't join our email list, you may never see our valuable content again via Facebook, Google or YouTube. CENSORSHIP has now reached EXTREME levels across the 'net. The truth is being suffocated. Subscribe now if you want to escape the delusional bubble of false reality being pushed by Google and Facebook.

Once you click subscribe, we will send you an email asking you to confirm your free subscription.