Lara Keel Lobbyist News: Attorney General Abbott Recovers More Than $10 Million for Texas

Lara Keel Lobbyist News: Attorney General Abbott Recovers More Than $10 Million for Texas

Texas Attorney General Greg Abbott announced on October 15th the end of a Medicaid fraud investigation that will return more than $10 million dollars back to the State of Texas. After a time consuming investigation, the Office of the Attorney General determined that Fougera Pharmaceuticals Inc. fraudulently reported inflated drug prices to the state’s Medicaid program. Under the settlement, Fougera – a New York-based company of Sandoz Incorporated – will pay Texas and the federal government $22.75 million dollars. The Medicaid program is funded by the State and U.S. taxpayers, therefore the federal government is entitled to a certain percentage of the settlement.

Read original article here.