About 40 pharmaceutical companies accused of inflating drug prices will pay the state of Hawaii $82 million to settle the claims, Attorney General Mark Bennett announced Wednesday.
The companies allegedly bumped up the prices of their drugs bought for Medicaid prescriptions from 1993 to 2006, resulting in the state overpaying for medications for tens of thousands of patients.
In an extreme example, the Medicaid program paid $1,480 for an ulcer medication that was available for $27.70.
Thursday, October 07, 2010
Drug companies to pay $82M to settle Hawaii suits
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