Monday, December 5, 2011

Conway announces $2 million settlement with Baxter Healthcare - Business First of Louisville:

hihozeima.blogspot.com
Conway said in a news release that Ill.-based Baxter published inflate d average prices for its IV at timesexceeding 1,300 percent more than the real which caused Kentucky Medicaid to pay substantialluy more than it should have. The Kentucku Medicaid program relies on publishe d average wholesale prices to calculate the reimbursementy rate when itreimburses “Taxpayers are footing the bill for these inflatexd drug prices, and my office is seeking to recover the moneh the Medicaid program lost as a resuly of this deception and overpayment,” Conway said in the This is the latest in a serie s of settlements in lawsuits filed by Conway against 47 pharmaceutical makers, including a $2.
4 million settlement with and a $10 milliojn settlement with .

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