Contact Us

Texas Attorney General Greg Abbott Announces Medicaid Fraud Recovery from Pfizer, Endo

Brendan Smialowski, Getty Images

Texas’ Attorney General has recovered a sizable amount of money for the state taken in Medicaid fraud.

Texas Attorney General Greg Abbott announced Friday that two civil Medicaid fraud settlements will yield more than $36 million for the State.

Under the settlement agreements, the State of Texas will recover $18.17 million each from Pfizer and Endo Pharmaceuticals.

The $36.34 million recovery is in addition to attorney fees and relator shares that will also be assessed. Since Medicaid is jointly funded by the State and the federal government, the federal government is entitled to a share of the total monetary settlement.

Pfizer and Endo were charged with defrauding the Medicaid program in previously sealed cases. The State’s enforcement actions cited both defendants for misreporting the price of various generic drugs to the Medicaid program, and the taxpayer-funded program was overcharged.

Drug manufacturers are required to file reports with the Medicaid program that disclose the prices they charge pharmacies, wholesalers, and distributors for their products. When inflated market prices are reported improperly, Medicaid reimburses pharmacies at vastly inflated rates.

Best of KFYO

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KFYO Advisory Board quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KFYO Advisory Board contests, events, coupons, presales, and much more delivered to you for FREE.