Sometimes the more you learn about something the scarier it
gets. After reading an FBI press release
there is a lot going on with health care fraud. Some of these
practices could make people take a new look at the industry.
Part of the story revolves around a pharmaceutical company
promoting FDA approved drugs for uses other than the drugs were
approved for and at higher doses than the FDA allows. The
companies even offered kick backs to doctors to prescribe the
drugs for other uses.
Why hasn’t the public heard about the largest U.S. health
care fraud settlement ever? I don’t remember hearing that this
company was fined $2.3 billion to settle criminal and civil
violations, have you?
A little more bad news comes from with the FBI’s morgtage report 2009 which is out. It’s estimated that in 2009 there were
$14 billion in fraudulent loans, and more than 2.8 million
foreclosures up 120% from 2007.
And through the freedom of information privacy act the FBI has made
public more than 2,200 pages concerning the late Senator Edward
“Ted” Kennedy. If you’d like to more about the guy, his
family, or his politics this may be the source. Chappaquiddick is
mentioned, as are Sirhan Sirhan, and threats of violence and extortion
against Kennedy and others.
Isn’t the FDA supposed to regulate the pharmaceutical companies?
Doesn’t our government regulate the mortage industry?
Comments are always welcome.