Wednesday, September 2, 2009

Medicare is Awesome!

Pfizer has agreed to pay a settlement of $2.3 billion for defrauding Medicare and Medicaid.

Marketing fraud cases against pharmaceutical companies have become almost routine, with almost every major drug maker having been accused of giving kickbacks to doctors or shortchanging the Medicaid program on prices. Prosecutors said that they had become so alarmed by the growing criminality in the industry that they had begun increasing fines into the billions of dollars and would soon start charging doctors individually as well.

If you think corruption is bad now, wait till you see the Public Option.

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