Medicaid Drug pricing fraud award in Alabama

A  state court jury this week found two major drug companies defrauded Alabama in a long-running Medicaid drug pricing scheme and ordered the firms to pay more than $114 million in damages. 

Podcast ~ Scott Drake talks to the state's lead attorney...Jere Beasley (Beasley Allen/Montgomery Alabama) about the victory.

Podcast ~ Other stories we're following...

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[brukewilliams]

The Alabama Attorney General filed suit against 72 pharmaceutical companies alleging fraudulent Medicaid overcharges seeking $1 billion to help defray Medicaid costs. Of these two went to trial with juries awarding hundreds of millions of dollars to the state: the first, against AstraZeneca resulted in the jury awarding the state $240 million (later reduced by a judge to $160 million). 67 suits remain and the lead lawyer, former Alabama Lt. Governor, Jere Beasley, who said, "We're going to give them a chance to settle and cut their litigation costs...."If we could settle them all today, we would accept the amount they cheated Alabama out of, plus interest (of 6 percent), plus 10 to 15 percent penalty." Beasley estimated total damages to the state of $1 billion. If all claims are settled out of court, Alabama could realize between $1.16 billion and $1.21 billion, less expenses and legal fees. Beasley said he and the other lawyers hired by the state would receive 14 percent of the net recovery."
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Brukewilliams
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