Thursday, February 10, 2011

Getting Rich Exposing Pharma Fraud

Eamon Javers of CNBC reported recently that A Florida Company called Ven-A-Care has become a profitable whistle blower against Pharmaceutical fraud.
Javers reported that in one case Ven-A-Care found that there appears to be a pattern of overbilling by some Pharmaceutical companies. These pharma firms are selling drugs to patients (mainly elderly) for a set amount and the pharmaceutical company would bill the US Government via Medicare and Medicaid 500 to 2000% markup.

In Dec. 2010 the US Justice Department announced that Dey Inc. Dey Pharma L.P. and Dey L.P. Inc. had agreed to pay $280 million to settle False Claims Act allegations, the Department of Justice disclosed via their website. The United States alleged that Dey reported false prices for the following drugs Albuterol Sulfate, Albuterol MDI, Cromolyn Sodium and Ipratropium Bromide. The Justice department indicated that the Dey Pharma inflated government payments where they charge the Medicare and Medicaid a higher amount over actual price paid by health care providers. This discovery was related by Ven-A-Care.

The Los Angeles times reports that a Texas jury ordered two subsidiaries of Icelandic pharmaceuticals company Actavis to pay $170 million for overcharging the Texas Medicaid program. This was also relayed by Ven-A-Care and they will be rewarded as a “relator”

Ven-A-Care filed whistleblower suits against drug companies in 18 cases thus far since 2001 with settlements to date according to the Los Angeles Times are at least $2.2 billion for state and federal governments and at least $380 million in whistle blower fees for the four partners involved in Ven-A-Care's litigation. Some other big named pharmaceutical companies have settled or were fined such as Bayer Inc., Abbott Laboratories Inc., B. Braun Medical Inc., Roxane Laboratories Inc.,and GlaxoSmithKline to name a few.

These are the kinds of wiki leaks the government likes as all injured benefit, especially the taxpayer and government. It also shows a pattern of immoral and unethical behavior of the pharmaceutical industry by overbilling, overprescribing, and erroneous positive tests of their drugs against placebos.

Tuesday, February 1, 2011

A Tampa Florida Mother Has Been Charged for Killing Her Son and Daughter

A Tampa Florida Mother Julie Powers Schenecker informed police detectives that she shot her daughter and son twice for "talking back". According to MSNBC news and AP wire.

The teenagers were killed with a .38-caliber pistol, which authorities say Schenecker bought five days earlier. Police found bullets, medication and a Smith & Wesson instruction manual among the items found in the upstairs bed and bath MSNBC news indicated. Police and news reports did not specify what type of medication found.

We have a hunch the type of medication that may have been involved. If and when details are divulged then we will update that information her.