Merck fined $671 million over rebates

From Ralph Lloyd, February 7, 2008
Subject: Merck Drug Company

Merck got fined $671 million for giving kickbacks to Doctors and Drug Pharmacists for them using their drugs instead of a cheaper supplier. This fine was levied by a Federal Court. See I told everybody that these drug companies are overcharging.
Ralph L. Lloyd

Kathie, you have my permission to put this on your blog.

Merck Settles With Govt Over Rebates

By LINDA A. JOHNSON
Associated Press, February 7, 2008

TRENTON, N.J. (AP) — In one of the biggest U.S. health care fraud settlements ever, Merck & Co. will pay $671 million to settle claims it overcharged the government for four popular drugs and bribed doctors to prescribe its drugs, federal prosecutors said Thursday.

The alleged overcharges, dating back to the mid-1990s, involved Medicaid programs in the District of Columbia and every state but Arizona, as well as federal health-insurance programs at agencies including the Department of Defense and Veterans Administration.

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