Feds, 4 states share in $154M Medicaid settlement

Associated Press

TALLAHASSEE, Fla. (AP) — The federal government, four states and a Florida pharmacy company that blew the whistle on Medicaid fraud will share a $154 million settlement paid by two New York companies.

Florida Attorney General Pan Bondi on Thursday announced the agreement with Par Pharmaceuticals Inc. and Par Pharmaceuticals Companies of Spring Valley, N.Y.

The companies were accused of inflating prices for medications that were billed to Medicaid.

Ven-A-Care of the Florida Keys filed the initial complaint and will receive $9 million. Its attorneys will get $5 million.

The federal share is $90.95 million.

Texas is due $24.4 million plus $5 million for legal expenses. Florida's share is $9.5 million. Kentucky will get $4.5 million, Alaska $900,000 and South Carolina $3.15 million.

A law firm that represented Kentucky will be paid $1.6 million.

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