月別アーカイブ: 2013年8月

The new pharmacy scam ripping you off

According to federal agents, the owner focused on prescriptions for expensive HIV drugs like Atripla, Isentress, Prezista and Reyataz. Pharmacies are reimbursed by Medicaid for these drugs—often paying out as much as $1,500 for a 30-day supply.

All told, investigators allege the owner bilked Medicaid out of almost $1 million. Through his attorney, Ilyayev denies the charges.

This alleged scheme is just the tip of the iceberg, said O’Donnell, with other, similar schemes being played out at mom- and-pop pharmacies all over the country. He added that his department’s caseload has quadrupled in the past five years.

It’s a “drug trade subsidized by taxpayers,” added Gary Cantrell, deputy inspector general in the Office of Investigations.

(Read more: Aphrodite girls: Inside an alleged high-end escort service)

According to Lauren Mack, executive assistant district attorney in Kings County, Brooklyn, between 3 percent and 10 percent of all Medicaid spending is fraudulent, or $184 million to $630 million worth of fraud.

Andrea Day is a reporter at CNBC, covering crime and punishment.

Source Article from http://www.cnbc.com/id/100981373
The new pharmacy scam ripping you off
http://www.cnbc.com/id/100981373
http://news.search.yahoo.com/news/rss?p=pharmacy
pharmacy – Yahoo! News Search Results
pharmacy – Yahoo! News Search Results





The new pharmacy scam that's ripping you off

According to federal agents, the owner focused on prescriptions for expensive HIV drugs like Atripla, Isentress, Prezista and Reyataz. Pharmacies are reimbursed by Medicaid for these drugs—often paying out as much as $1,500 for a 30-day supply.

All told, investigators allege the owner bilked Medicaid out of almost $1 million. Through his attorney, Ilyayev denies the charges.

This alleged scheme is just the tip of the iceberg, said O’Donnell, with other, similar schemes being played out at mom- and-pop pharmacies all over the country. He added that his department’s caseload has quadrupled in the past five years.

It’s a “drug trade subsidized by taxpayers,” added Gary Cantrell, deputy inspector general in the Office of Investigations.

(Read more: Aphrodite girls: Inside an alleged high-end escort service)

According to Lauren Mack, executive assistant district attorney in Kings County, Brooklyn, between 3 percent and 10 percent of all Medicaid spending is fraudulent, or $184 million to $630 million worth of fraud.

Andrea Day is a reporter at CNBC, covering crime and punishment.

Source Article from http://www.cnbc.com/id/100981373?__source=yahoonews&par=yahoonews
The new pharmacy scam that's ripping you off
http://www.cnbc.com/id/100981373?__source=yahoonews&par=yahoonews
http://news.search.yahoo.com/news/rss?p=pharmacy
pharmacy – Yahoo! News Search Results
pharmacy – Yahoo! News Search Results





The new pharmacy scam that's ripping you off

According to federal agents, the owner focused on prescriptions for expensive HIV drugs like Atripla, Isentress, Prezista and Reyataz. Pharmacies are reimbursed by Medicaid for these drugs—often paying out as much as $1,500 for a 30-day supply.

All told, investigators allege the owner bilked Medicaid out of almost $1 million. Through his attorney, Ilyayev denies the charges.

This alleged scheme is just the tip of the iceberg, said O’Donnell, with other, similar schemes being played out at mom- and-pop pharmacies all over the country. He added that his department’s caseload has quadrupled in the past five years.

It’s a “drug trade subsidized by taxpayers,” added Gary Cantrell, deputy inspector general in the Office of Investigations.

(Read more: Aphrodite girls: Inside an alleged high-end escort service)

According to Lauren Mack, executive assistant district attorney in Kings County, Brooklyn, between 3 percent and 10 percent of all Medicaid spending is fraudulent, or $184 million to $630 million worth of fraud.

Andrea Day is a reporter at CNBC, covering crime and punishment.

Source Article from http://www.cnbc.com/id/100981373?__source=yahoonews&par=yahoonews
The new pharmacy scam that's ripping you off
http://www.cnbc.com/id/100981373?__source=yahoonews&par=yahoonews
http://news.search.yahoo.com/news/rss?p=pharmacy
pharmacy – Yahoo! News Search Results
pharmacy – Yahoo! News Search Results