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.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Prescription for success — Transcript Pharmacy continues fast growth
- New law on taxing methods hailed as big win for businesses
- Panther Creek megasite — Putting a value proposition out there
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- MSU researchers develop timber-management software
- News The Way You Want It!
- Panther Creek's location in medical industry zone boosts bio-med prospects
- BRENT CHRISTENSEN — Entrepreneurs: A vital fuel for Mississippi’s Economy