Largest Health Care Fraud Settlement In History
Albany, NY (WIBX) - In the largest health care fraud settlement in U.S. history, the New York Attorney General is announcing that drugmaker GlaxoSmithKline will pay $3 billion to settle misconduct charges relating to several drugs, including Paxil, Wellbutrin, Advair, and Avandia.
At issue are safety concerns and pricing schemes that were not revealed.
The settlement was part of a national action. The company will pay an additional one-billion dollar fine for criminal charges. Attorney General Eric Schneiderman says that as a result of the settlement New York's Medicaid program will receive more than $146 million in recovered payments.
More than forty states, the District of Columbia, and the federal government joined forces in the lawsuit.