http://www.nytimes.com/2010/10/03/us/03drug.html?ref=us
The problem isn't just Medicaid, it's also effects the prescription drug program that Bush had passed.
It's time to get real about how much Corporate America is reaping in from the taxpayer off taking their own advise because they are advisers to the government.
This ponzi scheme has to go.
We can't afford the influence of Corporate control anymore.
Drug manufacturers often flout a federal law that requires them to provide the government with pricing data needed to calculate discounts on medications prescribed for poor people under Medicaid, federal investigators say in a new report.
The information is not submitted at all, is filed late or is incomplete, the investigators said, and as a result Medicaid overpays for prescription drugs.
The problem, they said, could become more significant under President Obama’s new health care law, which increases the amount of the discounts and promises to add millions of people to the Medicaid rolls.
In a new initiative intended to force compliance, Daniel R. Levinson, the inspector general at the Department of Health and Human Services, who led the investigation, said he would impose civil fines on drug manufacturers that fail to meet their price-reporting obligations.
Under federal law, the government can impose penalties of $10,000 a day on a drug manufacturer that fails to provide the information “on a timely basis.”
