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: False Claims Act - Qui TamTexas AG reaches $28 million settlement with Abbott Labs
By Phillips & Cohen LLP
The settlement resolves the state?s claims that the drug manufacturer falsely reported drug prices to the state and federal Medicaid programs. Under state and federal law drug manufacturers are required to report the prices at which they sell their products to various providers, including pharmacies, wholesalers and distributors. When a manufacturer reports inflated prices to the Medicaid program, as happened in this case, the taxpayer-funded program vastly overpays providers for their products.
Full post as published by False Claims Act - Qui Tam on September 16, 2008 (boomark / email).
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