Thursday, September 3, 2009
Pfizer = Busted
Kentucky is among 43 states to have won a $2.3 billion settlement with Pfizer Inc. in the largest health care fraud settlement in the history of the Department of Justice, to resolve criminal and civil liability arising from the illegal promotion of certain pharmaceutical products. The drugmaker and its subsidiaries paid kickbacks and improperly promoted Pfizer drugs for uses for which they had not been approved by the U.S. Food and Drug Administration.
Pfizer will pay Kentucky $5.4 million for consumer protection violations and Medicaid fraud, Kentucky Attorney General Jack Conway's office has announced. According to bizjournals.com, the money will be directed to Medicare and Medicaid programs, and to federal health care programs that were deemed as being harmed by Pfizer's actions. (Will the other greedy Big Pharma entities clean up their act now? I doubt it. Has the disease-mongering Pfizer learned its lesson now? I severely doubt it.)