Thursday, June 15, 2006
Whistleblowers reveal a Different Side of Caremark
A feature story in Nashville Scene chronicles how two whistleblower lawsuits have tarnished the image of Caremark Corp., the Fortune 500 pharmacy benefits manager and once the shinning star of Nashville’s corporate community. The story says that Caremark’s alleged improper billing of Medicaid and alleged reselling of returned drugs with proper safety testing have tarnished the company’s image.
Click the following link for the feature on the false claim allegations against Caremark.
Posted by Quitam Help Admin on 06/15 at 12:40 PM
NJ Health Care System settles Medicare Case
New Jersey’s largest health-care provider will pay $265 million to settle federal charges that it cheated Medicare out of more than half a billion dollars by inflating charges for seriously ill patients, prosecutors told the Associated Press today.
The agreement between prosecutors and Saint Barnabas Health Care System, which operates nine hospitals in New Jersey, concerns a program Medicare provides to supplement its normal payments. Prosecutors allege that between October 1995 and August 2003, Saint Barnabas hospitals deliberately inflated charges for inpatient and outpatient care under the Medicare program, which is designed to increase reimbursements to hospitals that care for people with medical complications.
As part of the settlement, under which Saint Barnabas did not admit wrongdoing, authorities said the hospital system must accept an outside monitor who will supervise its Medicare billings for the next six years.
Click on the following link to read the complete AP account of the false claims settlement in chron.com.
Posted by Quitam Help Admin on 06/15 at 12:34 PM
Honeywell to pay U.S. $2.6 Million for violating False Claims Act
Honeywell International Inc. has agreed to pay the U.S. government $2.6 million to resolve allegations that the company violated the False Claims Act, the Justice Department announced today.
The government alleges that Honeywell did not properly test electrostatic protective metallic sheets which had been qualified by the Department of the Navy for use in packaging over 186,000 sensitive parts used by the Department of Defense (DoD) and the National Aeronautic and Space Administration (NASA).
Fifteen percent of the settlement, or $393,750, went to a California company and one of its executives, who brought a whistleblower lawsuit several years ago against New Jersey-based Honeywell. Click the following link to read the full account of the false claims settlement in the Seattle Post Intelligencer.
Posted by Quitam Help Admin on 06/15 at 12:24 PM
Tuesday, June 13, 2006
Drugmaker agrees to pay $8.5 Million to settle Texas Lawsuit
Baxter International Inc., the world’s largest maker of blood-disease treatments, has agreed to pay $8.5 million to settle a suit alleging it falsely reported the prices of drugs to the Texas Medicaid system.
A Bloomberg News report printed in the Chicago Tribune today says the Texas attorney general sued Baxter, Abbott Laboratories and B. Braun Medical Inc. in 2004, claiming the companies misreported prices of intravenous fluids and injectable medications, leading Texas Medicaid to reimburse pharmacies at above-market rates. The settlement brings to $64 million the amount Texas has collected from Medicaid billing disputes since bringing its first case in 2000, including a $27 million settlement with Schering-Plough Corp. in May 2004.
Click the following link to read the full account of the Texas lawsuit settlement.
Posted by Quitam Help Admin on 06/13 at 08:55 AM
Monday, June 12, 2006
United Technologies' $283 Million Settlement ends 20-year Dispute
United Technologies Corp. has entered into an agreement last week with the U.S. Defense Department to pay $283 million to settle a government contract accounting lawsuit, ending a dispute stretching back more than 20 years.
The agreement ends the litigation over Pratt & Whitney’s cost accounting for engine parts on commercial engine collaboration programs from 1984 through 2004, according to UTC spokesman Paul Jackson. The longstanding accounting disagreement had centered on the allocation of overhead costs between commercial and government programs.
Click the following link to read the full story on the lawsuit settlement in journalinquirer.com.
Posted by Quitam Help Admin on 06/12 at 12:21 PM
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