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Choof.org "News"

July 31, 2004

Schering Fined for Ripping off Taxpayers

The Washington Post reports that Schering Plough is going to pay $346 million in fines for overcharging for drugs in the medicaid program.

"...The pharmaceutical company said it would also plead guilty to a federal criminal charge concerning a payment to a managed care customer. Federal law requires drugmakers to give their lowest prices to Medicaid, but a group of whistle-blowers accused the company of giving some private health care providers better deals on its drugs by offering them under-the-table "patient education" grants."

Posted by chris at July 31, 2004 01:20 PM

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