Quantcast

Final payment made in La. drug suit - KTBS.com - Shreveport, LA News, Weather and Sports

Final payment made in La. drug suit

Posted: Updated:
BATON ROUGE, La. (WBRZ) -

The state Attorney General's Office announced today they received the final settlement payment in a three-year lawsuit against pharmaceutical companies which illegally hiked drug prices paid through the state Medicaid program.

AG Buddy Caldwell's office said the $88.4 million payment raises the total recovered by the suit's settlement to more then $238 million dollars in stolen Medicaid funds.

"This kind of success sends a clear message to companies that don't do business honestly," Caldwell said in a press release. "Louisiana is a pro-business state. If you play fair, come to Louisiana and do business on a level playing field. And if you don't, stay away or suffer the consequences."

The suit was filed in 2010 against 109 drug manufacturers, accusing them of misreporting drug price information in order to improperly increase reimbursements paid by Louisiana's Medicaid program.

"In order to provide critical services to Louisiana citizens, those who work with our Medicaid program must be responsible actors - pharmaceutical companies are no exception," said Secretary Kathy Kliebert of the Department of Health and Hospitals.

Most of the funds must be turned back to the federal government, because Medicaid costs are shared between them and the state.

  • ArkLaTex SlideshowsMore>>

  • ArkLaTex Adoptable Pets

    ArkLaTex Adoptable Pets

    Friday, August 29 2014 6:12 PM EDT2014-08-29 22:12:16 GMT
    There are lots of animals in the Ark-La-Tex who are looking for that perfect home.
    There are lots of animals in the Ark-La-Tex who are looking for that perfect home.
  • KTBS 3 Viewer's Pets

    KTBS 3 Viewer's Pets

    Thursday, August 28 2014 7:00 PM EDT2014-08-28 23:00:16 GMT
    Viewer's petsViewer's pets
    Viewer's pets
    Viewer's pets
  • Louisiana Department of Children and Family Services Adoptable Children

    Louisiana Department of Children and Family Services Adoptable Children

    Thursday, August 28 2014 6:44 PM EDT2014-08-28 22:44:11 GMT
    DJanaeDJanae
    Foster/Adoption Parenting Minimum Qualifications and Steps to Certification Minimum Qualifications for Certification.
    Foster/Adoption Parenting Minimum Qualifications and Steps to Certification Minimum Qualifications for Certification.
  • Assignment EducationMore>>

  • Pilot program through Volunteers of America works to prevent drop-outs in local schools

    Pilot program through Volunteers of America works to prevent drop-outs in local schools

    Sunday, August 31 2014 7:48 AM EDT2014-08-31 11:48:45 GMT
    (Photo source: Volunteers of America)(Photo source: Volunteers of America)
    Education and skills training beyond high school isn't even a consideration for a startling number of students.
    Education and skills training beyond high school isn't even a consideration for a startling number of students.
  • Anna P. Tooke Memorial Library taking shape in South Bossier Parish

    Anna P. Tooke Memorial Library taking shape in South Bossier Parish

    Wednesday, August 27 2014 10:27 PM EDT2014-08-28 02:27:55 GMT
    Anna P. Tooke Memorial Library (Photo source: Prevot Design Services)Anna P. Tooke Memorial Library (Photo source: Prevot Design Services)
    It's Bossier Parish's smallest library branch. Originally just a bookmobile, this 12 x 30 foot temporary metal building has been the Koran community's only branch since 1977.
    It's Bossier Parish's smallest library branch. Originally just a bookmobile, this 12 x 30 foot temporary metal building has been the Koran community's only branch since 1977.
  • Family mourns loss of Natchitoches teen

    Family mourns loss of Natchitoches teen

    Wednesday, August 27 2014 7:53 PM EDT2014-08-27 23:53:10 GMT
    18-year-old Johnquaries Smith was a high school senior at Natchitoches Central High school.He died Tuesday after he was punched by another student on campus.
    18-year-old Johnquaries Smith was a high school senior at Natchitoches Central High school.He died Tuesday after he was punched by another student on campus.
  • NationalMore>>

  • Official: 5 killed in plane crash north of Denver

    Official: 5 killed in plane crash north of Denver

    Monday, September 1 2014 3:51 AM EDT2014-09-01 07:51:26 GMT
    Authorities say three people were killed and two others were injured when their small plane crashed near an airport north of Denver.
    All five people aboard a small plane that crashed near an airport north of Denver have died, a spokesman for the National Transportation Board said.
  • 5 US airstrikes target Islamic State fighters

    5 US airstrikes target Islamic State fighters

    Monday, September 1 2014 3:41 AM EDT2014-09-01 07:41:19 GMT
    The U.S. military says fighter aircraft and unmanned drones have struck Islamic State militants near Iraq's Mosul Dam.
    The U.S. military says fighter aircraft and unmanned drones have struck Islamic State militants near Iraq's Mosul Dam.
  • Revel starts shutdown Monday after just 2 years

    Revel starts shutdown Monday after just 2 years

    Monday, September 1 2014 2:33 AM EDT2014-09-01 06:33:31 GMT
    The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel.
    The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel.
  • KTBS 3 News Tips

    Send your news tip or story idea to the KTBS 3 Newsroom.  Enter your email address below to get started.

    * denotes required fields
    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thank you for your submission to KTBS 3 News.  A member of our staff may contact you for more information.

Share Your Images
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KTBS. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
    Advertising | EEO Public File | KTBS 3 Public File | KPXJ 21 Public File