Finalizing Lawsuit in Fraudulent Drug Claims
Many claims have been settled by the state of Iowa in regards to Medicaid fraud claims with many drug manufacturers, totaling $4.3 billion. The claim against the drug companies stated that false prices had been submitted which resulted in numerous overcharges for consumers who were purchasing pharmaceutical drugs. The state of Iowa sued a total of 78 companies but only 8 of those companies are sending reimbursements to resolve the allegations that claim they deliberately cheated the Iowa Medicaid program by charging inflated drug prices. Iowa has continued to file lawsuits against 70 other drug manufacturers that allegedly overpriced their drugs in order to receive added reimbursements that would be paid by the state’s Medicaid program.
Source: Des Moines Register