Green | March 14, 2008 | 5 comments

Mediare Part B Fleeced. Price Fixing Scheme Caught

source: http://prescriptionaccess.org/blog/?p=230

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JordanRoth
"A $125 million settlement has been announced in a major class action lawsuit involving members of the Prescription Access Litigation (PAL) coalition. The case, In re Pharmaceutical Industry Average Wholesale Price Litigation, was originally filed in 2002, and claimed that the defendant drug companies intentionally inflated reports of the Average Wholesale Prices (AWPs) on certain prescription drugs administered in doctors’ offices and paid for by Medicare Part B."

"The settlement includes branded and generic drugs used primarily in the treatment of cancer, HIV and other serious illnesses. Under the terms of the settlement 82.5 percent of the settlement fund is designated for third-party payors’ claims and the remaining 17.5 percent is designated for consumer claims."

So Big Pharma apparently thinks that cancer and HIV treatments aren't profitable enough. I thought that tricking people into thinking that they had imaginary illnesses by showing deceptive advertisements had put enough extra notches in their belt. I guess I was wrong.
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5 comments // Mediare Part B Fleeced. Price Fixing Scheme Caught

  • HeadNtheClouds
  • CarolynGillis
  • JordanRoth
    • 0
      JordanRoth  

    • I think that I have Insatiable Thirst Syndrome. ITS is pretty common actually. If one with ITS doesn't drink fluids the illness progresses. Symptoms can range from dry-mouth, reduced sweating, hallucinations, and eventually is terminal if untreated.

      I am going to charge ahead and create a drug cocktail based off of my proprietary compound Dihyrdrous Oxide that I will brand under the name "Hyrdamax." After markup I can sell it for roughly a dollar a dose (though I can manufacture it for pennies!) Medicare will be charged an additional amount for administrative overhead though.

      Let's just hope I don't get fined when it gets found in the water-supply.

    • 5 years ago
  • CarolynGillis
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