Pharmaceutical companies pay state in fraud case

JACKSON — The Mississippi Attorney General’s Office says it has recovered $6 million from three pharmaceutical companies that misreported the price of prescription drugs for Medicaid patients.

In a statement, Attorney General Jim Hood says agreements were reached with Par Pharmaceutical Inc. and Alpharma USPD Inc. and Purepac Pharmaceutical Co., now known as Actavis MidAtlantic, LLC, and Actavis Elizabeth, LLC, respectively.

In 2005, Hood’s office filed fraud charges against dozens of companies. He previously settled with eight other companies.

The Medicaid program relies on average wholesale prices to calculate reimbursement rates. As a result, the attorney general’s office claimed that the Mississippi Medicaid program ended up paying substantially more for drugs.

Hood says his office has recovered thus far more than $45 million for the Medicaid program involving pharmaceutical companies.

Close this Window Bookmark and Share This Page

Save to Browser Favorites / Bookmarks

Print RSS Feed Ask backflip blinklist BlogBookmark Bloglines BlogMarks Blogsvine BuddyMarks BUMPzee! CiteULike co.mments

Connotea del.icio.us Digg diigo DotNetKicks DropJack dzone Facebook Fark Faves Feed Me Links Friendsite folkd.com

Furl Google Hugg Jeqq Kaboodle kirtsy linkaGoGo linkedin LinksMarker Ma.gnolia Mister Wong Mixx MySpace

MyWeb Netvouz Newsvine oneview OnlyWire PlugIM Propeller Reddit Rojo Segnalo Shoutwire Simpy Slashdot

Sphere Sphinn Spurl Squidoo StumbleUpon Technorati ThisNext Tumblr Twitter Webride Windows Live Yahoo!

Email This to a Friend

Copy HTML: 

 If you like this then please subscribe to the RSS Feed.

More »

Baker Donelson merges with Texas law firm 

Two airlines bid to serve Tupelo Regional