Less than two years ago, CANHR wrote a blog post about Public Citizen’s report recounting the enormous payouts by the pharmaceutical industry to settle cases of mis-marketing and fraudulent charging for various drugs. At the time, big pharma was the new king of taxpayer fraud. A new report finds that those payouts were just the beginning.
In the year-and-a-half since the first study, an additional $10.2 billion in penalties has been paid to states and the federal government. This raises the total payouts in less than seven years to $25 billion. The first half of 2012 has already set an annual record for state and federal payouts totaling $6.6 billion.