Fraud in the Pharmaceutical, Medical Equipment, and Supply Industries
Fraud in the Pharmaceutical, Medical Equipment, and Supply Industries
Profits at Any Cost, Part Two
This chapter examines frauds instigated by pharmaceutical companies as well as the medical supply and equipment industry. It first considers how large-scale frauds occur in the pricing, marketing, and distribution of prescription drugs. It then analyzes various forms of pharmaceutical fraud, such as switching drug prescriptions to exploit Medicaid reimbursement rules. It also looks at pharmaceutical frauds committed by TAP Pharmaceutical Products, Serono, Purdue Frederick Company and Purdue Pharma, and Schering-Plough Corporation; how fraud may arise from physicians' consulting relationships with pharmaceutical and medical equipment manufacturers; and anti-trust violations in the pharmaceutical and medical equipment industries. Finally, it discusses the high costs involved in health care fraud settlements and prosecutions.
Keywords: pharmaceutical industry, medical equipment industry, marketing, prescription drugs, Medicaid, pharmaceutical frauds, physicians, anti-trust violations, settlements, prosecutions
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