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The settlement amount includes both the civil (False Claims Act) settlement and criminal fine. Glaxo's $3 billion settlement included the largest civil False Claims Act settlement on record, [1] and Pfizer’s $2.3 billion ($3.5 billion in 2022) settlement including a record-breaking $1.3 billion criminal fine. [2]
Pharmaceutical fraud is when pharmaceutical companies engage in illegal, fraudulent activities to the detriment of patients and/or insurers. Examples include counterfeit drugs that do not contain the active ingredient, false claims in packaging and marketing, suppression of negative information regarding the efficacy or safety of the drug, and violating pricing regulations.
Products lacking scientific evidence of effectiveness in addressing one or more conditions they are promoted to remedy (health fraud). Pages in category "Health fraud products" The following 26 pages are in this category, out of 26 total.
Two Kentucky pharmacists who allegedly fraudulently billed insurance programs more than $1 million have been charged in an investigation of health care fraud.
A quick search of berberine on TikTok reveals countless videos discussing the supplement’s weight loss potential — with some going as far as to claim berberine to be “nature’s Ozempic.”
Health insurance stocks jumped after Donald Trump won the presidential election on expectations for deregulation in the industry, but shares tumbled after the killing of UnitedHealthcare CEO Brian ...
The consent decree set up a system for notice, claims submission, consideration, and review that involved a facilitator, arbitrator, adjudicator, and monitor, all with assigned responsibilities. The funds to pay the costs of the settlement (including legal fees) come from the Judgment Fund operated by the Department of the Treasury, not from ...
The Federal Trade Commission said there were no task scams in 2020, there were 5,000 in 2023 and then task scams quadrupled by the first half of 2024.