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Ex-Pharma Execs Charged by Feds for Fixing Generic Drug Prices

In a news report that really isn’t all that surprising, Ars Technica reveals that the Department of Justice (DOJ) has charged more than a dozen former executives of a pharmaceutical firm with fixing generic drug prices, rigging bids and conspiring to divvy up customers. The charges are the first of an ongoing investigation into alleged generic drug price-fixing for about two dozen drugs by more than a dozen pharmaceutical companies,

Pharma fraud is nothing new. I’ve been writing about it for years, as federal agencies like the DOJ charge and fine drug companies for an array of offenses, and not just price gouging. The crimes are so egregious that, in 1999, 19 drug companies made AllBusiness.com’s Top 100 Corporate Criminals for the 1990s.

More recently, it’s come to light that drug company fraud goes beyond simple price fixing. Now, with the passage of the Physician Payments Sunshine Act, we know that drug companies literally pay doctors to promote their drugs. According to ProPublica’s “Dollars for Docs” website, 1,630 companies have so far made payments to more than 681,000 doctors, totaling more than $3.5 billion.

Although doctors claim these payments don’t influence them one bit, it’s highly unlikely that money doesn’t leave an impression. In this era of bias and conflict of interest, ultimately you are responsible for your and your family's health, and for making sure you are as healthy as possible so the question of taking a drug never comes up. The best way to do this is by improving your diet, which improves your overall health. My comprehensive nutrition plan can help with this.
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