U.S — Feds Recover $4.7B from Drug Companies, Other Industries

From the Drugwatch  news article:

…Of that, $2.5 billion came from the health care industry, including drug companies, medical device companies, hospitals, nursing homes, laboratories and physicians.

The False Claims Act gives authorities the power to fight alleged fraud in a wide variety of industries receiving federal funds. It also includes financial incentives for whistleblowers to file fraud lawsuits on behalf of the government.

“The largest recoveries this past year – $1.2 billion – came from the drug and medical device industry,” the U.S. Department of Justice said in a news release December 14, 2016…

Read more at the link:
https://www.drugwatch.com/2017/01/04/feds-recover-5b-under-false-claims-act/

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