Uncle Sam is sending a strong message to the pharmaceutical industry to take the False Claims Act seriously.
For the second year in a row, the federal government collected a record amount from drug companies and medical suppliers in 2011 stemming from FCA violations. In all, the Justice Department recovered nearly $2.2 billion in civil claims against the pharmaceutical industry in fiscal year 2011, including $1.76 billion in federal recoveries and $421 million in state Medicaid recoveries.
Worse still for drug makers, 2012 is already poised to top those numbers.
“These record-setting results reflect the extraordinary determination and effort that this administration … has put into rooting out fraud,” Tony West, assistant attorney general for the Civil Division, said in a statement.
Despite that appetite for prosecution from the feds, the biggest... To get the full story, subscribe now.
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