Pills, by Flickr user Jean, licensed by Creative Commons

Big Pharma Settles at $151 million After Inflating Prices to Make Illegal Profit

  • Sumo

Big Pharma

The McKesson Corporation, a company that distributes wholesale pharmaceutical products, has just settled a lawsuit for $151 million with 29 different states including Washington DC.   After an 8 year investigation McKesson has been found guilty of inflating prescription drug prices in order to make an illegal profit.  This investigation found that McKesson had overbilled over 1,400 brand name drugs by up to 25% from 2001 to 2009. Some of these prescriptions included Adderall, Allegra, Ambien, Celexa, Lipitor, Prozac, and Ritalin.

California and New York will be acquiring the highest dollar amount from the suit. California will be receiving $24 million and New York, $36 million. The other States included in this settlement are; Arkansas, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Maine, Michigan, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington, West Virginia, and Wyoming. The money the states receive will go into the state Medicaid program, not  to any actual recipients.

Although McKesson did not admit to inflating drug prices, they agreed to settle because, as McKesson’s lawyer, Kris Fortner stated, “this settlement was in the best interest of our employees, customers, suppliers, and shareholders.” And further stated that, “We (McKesson) did not manipulate drug prices and did not violate any laws.” This seems like an awfully large settlement for a corporation who “did nothing wrong.”

88 thoughts on “Big Pharma Settles at $151 million After Inflating Prices to Make Illegal Profit

  1. Ollie

    I’m curious to find out what blog system you are using? I’m experiencing
    some small security problems with my latest blog
    and I would like to find something more secure.
    Do you have any solutions?

  2. pall mall pink cigarettes

    Have you ever thought about creating an ebook or
    guest authoring on other websites? I have a blog centered on
    the same ideas you discuss and would love to have you
    share some stories/information. I know my visitors would enjoy your work.
    If you are even remotely interested, feel free to shoot me an e-mail.

  3. Jorge

    Wow that was strange. I just wrote an incredibly long comment but after I
    clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that
    over again. Anyway, just wanted to say great blog!

  4. newport cigarettes website

    Hey! I’m at work browsing your blog from my new iphone 3gs! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the outstanding work!

  5. nat sherman cigarettes

    I absolutely love your blog and find a lot of your post’s to be precisely what I’m
    looking for. Would you offer guest writers to write content in your case?
    I wouldn’t mind composing a post or elaborating on a lot of the subjects you write concerning here. Again, awesome web site!

  6. dunhill cigarettes price

    Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something.
    I think that you could do with a few pics to drive the message home a bit,
    but instead of that, this is fantastic blog. A great read.

    I’ll certainly be back.

  7. Loren

    Hi every one, here every person is sharing these know-how,
    thus it’s nice to read this weblog, and I used to pay a quick visit this web site all the time.

  8. nfl games on line

    Heya just wanted to give you a brief heads up and let you know a
    few of the pictures aren’t loading correctly. I’m not sure why but I think its a
    linking issue. I’ve tried it in two different browsers and both show the same results.

  9. Elise

    Hi, i feel that i saw you visited my site thus i came to go back the
    prefer?.I am trying to in finding things to enhance my web site!
    I assume its adequate to make use of a few of your ideas!
    !

  10. Kenneth

    Hello there! I just wish to give you a big thumbs up for the excellent info you have here
    on this post. I am returning to your blog for more soon.

  11. Newport cigarette Website

    Good respond in return of this issue with genuine arguments and telling all on
    the topic of that.

  12. winston cigarettes

    Hey there! I know this is kind of off-topic but I had to ask.
    Does operating a well-established website like yours require a lot of work?
    I’m completely new to blogging but I do write in my diary everyday. I’d like to start a blog so I can share my personal experience and views online.
    Please let me know if you have any kind of suggestions or tips for brand new aspiring bloggers.
    Appreciate it!

  13. vogue cigarette

    Hi there, You’ve done an excellent job. I will definitely digg it and personally suggest to my friends. I’m confident they’ll be benefited from this website.

  14. sobranie cigarettes

    Undeniably believe that which you said. Your favorite reason seemed to be on the internet the simplest thing to be aware of.

    I say to you, I certainly get annoyed while people think
    about worries that they just do not know about.
    You managed to hit the nail upon the top as well as defined out the whole thing without having side effect , people can take a signal.

    Will probably be back to get more. Thanks

  15. kool cigarettes

    I do not even know how I ended up here, but I thought this post was great.
    I don’t know who you are but certainly you are going to a famous blogger if you are not already 😉 Cheers!

  16. purchase cigarettes online

    I don’t know if it’s just me or if everyone else experiencing
    issues with your website. It appears like some of the written text
    within your posts are running off the screen.

    Can someone else please comment and let me know if this is happening
    to them as well? This may be a issue with my internet browser because
    I’ve had this happen previously. Thanks

  17. Denisha

    Excellent beat ! I would like to apprentice while you amend your web
    site, how can i subscribe for a blog website? The account aided me a acceptable deal.

    I had been tiny bit acquainted of this your broadcast provided bright clear
    idea

  18. Tony

    I just like the helpful information you supply on your articles.
    I will bookmark your weblog and take a look
    at once more here regularly. I am somewhat certain I’ll learn plenty of new stuff right here! Best of luck for the following!

  19. different camel cigarettes

    After exploring a few of the blog articles on your web page, I
    truly appreciate your technique of writing a blog.

    I bookmarked it to my bookmark site list and will be
    checking back in the near future. Please visit my website too and tell me your opinion.

  20. Alexis

    I’m not that much of a online reader to be honest but your blogs really
    nice, keep it up! I’ll go ahead and bookmark your website to come back later on. Many thanks

  21. Phyllis

    You actually make it seem so easy with your presentation but I find this matter to be really something that I think I would never understand.
    It seems too complex and very broad for me. I’m looking forward for your next post, I will try to get the hang of it!

  22. free marlboro coupons

    Hi, I do believe this is an excellent website.
    I stumbledupon it 😉 I may revisit yet again since I book marked it.
    Money and freedom is the greatest way to change, may you be
    rich and continue to help others.

  23. Koti Bodrumista

    I loved as much as you will receive carried out right here.
    The sketch is tasteful, your authored material stylish.
    nonetheless, you command get bought an impatience
    over that you wish be delivering the following. unwell unquestionably come
    more formerly again as exactly the same nearly very often inside
    case you shield this hike.

  24. Mahmutlar Alanya

    Hey There. I discovered your weblog using msn. This is a really well written article.

    I’ll make sure to bookmark it and return to read extra of your useful info. Thank you for the post. I’ll definitely return.

  25. Lynette

    What i do not realize is in reality how you are now not actually a lot more well-favored
    than you might be right now. You’re very intelligent. You realize therefore considerably relating to this subject, made me in my view believe it from so many varied angles. Its like women and men are not involved except it’s something to accomplish with Woman gaga!
    Your individual stuffs nice. At all times maintain it up!

  26. Zane

    Hey there! I just want to offer you a big thumbs up for your excellent info you’ve got here on this post. I will be returning to your blog for more soon.

  27. Buy lucky Strike unfiltered

    I hardly comment, however i did a few searching and wound up here Big Pharma
    Settles at $151 million After Inflating Prices to Make Illegal Profit | Lawyer.
    com. And I do have a couple of questions for you if it’s allright. Is it simply me or does it seem like some of the comments look as if they are coming from brain dead people? 😛 And, if you are posting on other online sites, I’d like to follow anything new you have to post.
    Could you list of all of all your public pages like your linkedin profile, Facebook page or twitter feed?

  28. Aaron

    Very nice post. I just stumbled upon your blog and wished to
    say that I’ve truly enjoyed surfing around your blog posts. After all I will be subscribing to your feed and I hope you write again very soon!

  29. kent blue futura

    Hi, Neat post. There’s a problem with your website in web explorer, could check this? IE nonetheless is the marketplace leader and a good element of other people will miss your fantastic writing due to this problem.

  30. Maxwell

    I was wondering if you ever considered changing the structure
    of your blog? Its very well written; I love what youve got to say.

    But maybe you could a little more in the way of content so people could
    connect with it better. Youve got an awful lot of text for only having 1 or
    two pictures. Maybe you could space it out better?

  31. Wilbert

    Great post. I was checking continuously this blog and I’m impressed! Extremely helpful information particularly the last part 🙂 I care for such information much. I was seeking this certain information for a very long time. Thank you and good luck.

  32. Tod

    I drop a comment when I like a post on a website or if I have something to contribute
    to the conversation. It is triggered by the sincerness displayed
    in the article I looked at. And after this article Big Pharma Settles at $151 million After
    Inflating Prices to Make Illegal Profit | Lawyer.
    com. I was actually excited enough to post a comment :
    ) I actually do have 2 questions for you if it’s allright. Could it be just me or does it appear like a few of these remarks come across as if they are written by brain dead folks? 😛 And, if you are posting at other social sites, I would like to follow you. Would you make a list the complete urls of your community sites like your Facebook page, twitter feed, or linkedin profile?

  33. youtube.com

    This is the perfect site for anybody who hopes to understand this topic.
    You know so much its almost hard to argue with you (not that I actually will need to…HaHa).
    You definitely put a fresh spin on a subject that’s been discussed for ages. Great stuff, just excellent!

  34. how can i get taller

    Do you mind if I quote a few of your articles as long as I provide credit and sources back to your blog?

    My website is in the very same area of interest as yours
    and my users would definitely benefit from some of the information you provide here.
    Please let me know if this okay with you. Many thanks!

  35. making money online

    I love it when individuals come together and share ideas.
    Great blog, continue the good work!

  36. tattoo ideas for women

    Please let me know if you’re looking for a author for your blog. You have some really good articles and I think I would be a good asset. If you ever want to take some of the load off, I’d absolutely
    love to write some articles for your blog in exchange for a link back
    to mine. Please send me an e-mail if interested.
    Kudos!

  37. streaming movies

    No matter if some one searches for his required thing, therefore he/she desires to
    be available that in detail, so that thing is maintained
    over here.

  38. stop panic attacks

    Every weekend i used to pay a visit this web site, for the reason that i wish for enjoyment, since this
    this site conations genuinely fastidious funny data too.

  39. kool cigarettes

    It’s actually a great and useful piece of information. I am glad that you simply shared this helpful info with us. Please stay us informed like this. Thanks for sharing.

  40. camel cigarettes

    Usually I don’t read post on blogs, but I wish to say that this write-up very pressured me to try and do so! Your writing taste has been amazed me. Thanks, quite great post.

  41. Franziska

    I rarely leave remarks, however i did some searching and wound up
    here Big Pharma Settles at $151 million After Inflating Prices to Make Illegal
    Profit | Lawyer.com. And I do have 2 questions for you if it’s allright. Is it simply me or does it look as if like a few of the comments appear as if they are coming from brain dead visitors? 😛 And, if you are writing on additional online sites, I’d like to keep up with everything
    new you have to post. Could you make a list of every one of
    your communal sites like your linkedin profile, Facebook page or
    twitter feed?

  42. Mohammed

    If some one wishes expert view on the topic of blogging and site-building afterward i recommend him/her to
    visit this web site, Keep up the good job.

  43. Aline

    This design is steller! You obviously know how to keep
    a reader entertained. Between your wit and your videos,
    I was almost moved to start my own blog (well, almost.

    ..HaHa!) Excellent job. I really loved what you had to say, and more than that,
    how you presented it. Too cool!

  44. nat sherman cigarettes

    hello!,I really like your writing very much! percentage we be in
    contact extra about your post on AOL? I require a
    specialist in this space to resolve my problem. May be that’s you! Taking a look forward to see you.

  45. parliament cigarettes

    I’ll immediately grasp your rss as I can not find your e-mail subscription hyperlink or newsletter service. Do you have any? Kindly allow me recognize in order that I could subscribe. Thanks.

  46. elitecigarettestore.com

    I’m really enjoying the design and layout of your website. It’s a very
    easy on the eyes which makes it much more pleasant for me to come here and visit more often.
    Did you hire out a developer to create your theme?

    Great work!

  47. elitecigarettestore.com

    I blog often and I seriously appreciate your content.
    This great article has truly peaked my interest. I am going to book
    mark your blog and keep checking for new information about once a week.
    I subscribed to your RSS feed as well.

  48. samson review

    Wonderful blog! I found it while surfing around on Yahoo News.
    Do you have any suggestions on how to get listed in Yahoo News?
    I’ve been trying for a while but I never seem to get there! Many thanks

  49. old holborn

    It’s really a nice and helpful piece of info. I am satisfied that you simply shared this helpful info with us. Please stay us informed like this. Thank you for sharing.

  50. Anja

    I’m very pleased to find this web site. I want to to thank you for your time due to this fantastic read!! I definitely appreciated every part of it and I have you book marked to look at new stuff in your web site.

  51. Stella

    A person essentially assist to make critically articles I might
    state. This is the very first time I frequented your web page and up to now?
    I surprised with the analysis you made to create this particular submit amazing.
    Magnificent task!

  52. drum tobacco

    This is very interesting, You are a very skilled blogger.
    I have joined your feed and look forward to seeking more of your great post.
    Also, I’ve shared your website in my social networks!

  53. golden virginia

    An outstanding share! I’ve just forwarded this onto a colleague who has been doing a little research on this. And he in fact ordered me dinner simply because I discovered it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanks for spending the time to discuss this issue here on your site.

  54. mac baren

    I know this if off topic but I’m looking into starting my own weblog and was curious what all is required to get set up? I’m assuming having
    a blog like yours would cost a pretty penny?
    I’m not very web smart so I’m not 100% sure. Any tips or advice would be greatly appreciated. Cheers

  55. private investor list

    I am not sure where уou’re getting your information, but great topic. I needs to spend some time learning more or understanding more. Thanks for magnificent information I was looking for this info for my mission.

  56. amphora tobacco

    I am now not certain where you’re getting your info, however good topic. I needs to spend a while finding out more or figuring out more. Thanks for great info I used to be in search of this info for my mission.

  57. captain black

    Amazing blog! Do you have any recommendations for aspiring writers?

    I’m planning to start my own website soon but I’m a little lost on everything.

    Would you suggest starting with a free platform like WordPress
    or go for a paid option? There are so many options out there that I’m totally overwhelmed .. Any recommendations? Thanks a lot!

  58. live nfl streaming

    fantastic post, very informative. I’m wondering why the other experts of this sector do not understand this. You must proceed your writing. I’m confident, you’ve a huge readers’ base already!

Comments are closed.