Thursday, October 27, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search

Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found

*Includes FREE photo online!
Lost 10/22/16 at LV Park,Huawei black phone & case w/stickers. If found, call 830-216-0493, Fred or Krista

VideoLost: White Poodle mix, F.M. 539 and Hwy. 87, Sutherland Springs area, needs medicine. Reward. Call 210-789-0118.
More Lost & Found ads ›

Help Wanted

Your #1 Advertising Resource! Call 830-216-4519.
Although we make every effort to spot suspicious ads before they run, one may occasionally get into print. If that happens, we ask the consumer to call us ASAP so that we can take corrective action.
More Help Wanted ads ›

Featured Videos

Video Vault ›
City Base PlumbingPursch with auto packageShowcase

Breaking News

Texas to recover $25 Million, U.S. Medicaid Program

E-Mail this Story to a Friend
Print this Story
April 8, 2015, 8:44am
3,385 views | Post a comment

AUSTIN -- Texas Attorney General Ken Paxton has resolved an enforcement action against New Jersey-based pharmaceutical product manufacturer Glenmark Generics Inc. USA. The agreement resolves the State’s investigation under the Texas Medicaid Fraud Prevention Act (“TMFPA”) against Glenmark for fraudulently reporting inflated drug prices to the Medicaid program.

Under the settlement agreement, Glenmark must pay the State of Texas a total of $11.25 million for the State’s general revenue fund. Because the Medicaid program is jointly funded by the State and U.S. taxpayers, the federal government is entitled to a percentage of the settlement proceeds. The federal government’s share is also $11.25 million. Additionally, the Texas Attorney General’s Office will receive $2.5 million in attorneys’ fees and costs.

“Identifying and preventing Medicaid fraud continues to be a top priority for the Office of the Attorney General," said Paxton. "Thanks to our Civil Medicaid Fraud Division’s conscientious stewardship of the taxpayer-funded Medicaid program, Texas will receive an $11.25 million reimbursement from a New Jersey-based pharmaceutical manufacturer. The Office of the Attorney General will continue cracking down on waste, fraud and abuse in the Medicaid program.”

Since 2000, the Texas Attorney General’s Civil Medicaid Fraud team has investigated dozens of pharmaceutical manufacturers for reporting inflated drug prices to the Medicaid program. In August 2012, the State launched an investigation against Glenmark for possible violations of the TMFPA. The State’s investigation found that since 2005, Glenmark violated Texas law when it illegally misreported prices to Medicaid in order to induce pharmacies and other providers to purchase Glenmark’s products over its competitors’ products. As a result, Medicaid reimbursed pharmacies more than it should have for certain of Glenmark’s products.

Since 2002, the Civil Medicaid Fraud Division’s recoveries for the State of Texas have surpassed the $600 million mark -- while total recoveries for the state and federal governments now exceed $1.5 billion.

For more information, go to:

Your Opinions and Comments

Be the first to comment on this story!

You must be logged in to post a comment.

Not a subscriber?
Subscriber, but no password?
Forgot password?

Breaking News Archives

Southern Electric
Malcolm's Custom Welding
WCN Citizens Forum 5/28/15
Heavenly Touch homeTriple R DC ExpertsVoncille Bielefeld homeFriesenhahn Custom WeldingAllstate & McBride Realty

  Copyright © 2007-2016 Wilson County News. All rights reserved. Web development by Drewa Designs.