Pharmaceutical companies pay state in fraud case
by MBJ Staff
Published: October 25,2011
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- ASA postmortem: industrial recruiting is a constant cycle of death and life
- Ex-prison boss and businessman admit to bribery scheme
- Prison won’t interrupt ex-prison chief’s retirement cash flow
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- MBJ Business Woman of the Year Top 10
- (UPDATED — BREAKING NEWS) American Specialty Alloys won’t locate $1.2B mill in Mississippi
- Meet the MBJ's Businesswoman of the Year — Rosemary Smith, a business hotshot
- DAVID DALLAS — Delbert Hosemann: An unsung hero chooses to remain so