Citing a tiny Key West pharmacy as the top whistleblower in the country, a national study released Tuesday showed that whistleblowers are gaining billions of dollars for state and federal governments by exposing fraudulent practices in the pharmaceutical industry. The study from Public Citizen, a Washington consumer watchdog group, reported that that so far in 2012, whistleblowers have sparked $6.6 billion in penalties to be assessed against drug manufacturers, primarily for fraudulently charging high prices in the Medicaid program. The Public Citizen report, which covered whistleblower settlements of more than $1 million in the period from Nov. 2, 2010, through July 18, 2012, reported almost half of the actions came from Ven-A-Care, a Key West pharmacy owned by four men. The study cited a CNBC report that Ven-A-Cares revelations had brought more than $1.3 billion to the federal government since 2001. Another report, from the National Law Journal in 2011, estimated that the pharmacy had helped both state and federal governments recover more than $2.5 billion. The Law Journal estimated that the pharmacy owners and their lawyer received $340 million from the settlements as reward for blowing the whistle. The Public Citizen report noted how important whistleblowers had come during … Continue reading
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