Hill Joins Lawsuit Against Pharmaceutical Companies

Posted: Updated:
Indiana Attorney General Curtis Hill Indiana Attorney General Curtis Hill
INDIANAPOLIS -

Attorney General Curtis Hill has joined 43 other attorneys general in a lawsuit against Teva Pharmaceuticals and 19 of the nation's generic drug manufacturers. The lawsuit alleges the involved companies “conspired with each other to fix prices, allocate markets and rig bids for more than 100 different generic drugs.” 

The lawsuit argues that the practices used increased prices affecting the health insurance market, taxpayer-funded health care programs such as Medicare and Medicaid and people who were victim to inflated drug prices as a result of the accused misconduct. It accuses industry executives of meeting with each other during dinners, “girls nights out,” golf outings and more to develop what the plaintiffs call illegal agreements.

“This lawsuit should serve as a warning to any company that intentionally defies the trust of their customers,” Attorney General Hill said in a news release. “The rising cost of health care is daunting enough without price fixing of medications. Americans deserve options when they shop for these products. Any pharmaceutical company that engages in price-fixing and artificial cost inflation is part of the problem that ails health care in the United States. Here in Indiana, we will keep working to protect all Hoosier consumers from illegal schemes.”  

  • Perspectives

    • The Race for a Winning Credit Score

      It’s May in Indy and the sound of revving racecar engines signals good times to come. But try to keep your spending under the yellow flag. Overspending on credit cards during the festivities could turn that May engine roar into a dreaded credit score “dent” come June. That’s not a great way to kick off summer. Here’s what to watch out for so your credit score will be a winner! FICO Credit-Scoring System The FICO (Fair Isaac Corporation) is the most...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • New Owners Coming For Indiana Casinos

      Two Indiana casinos will soon be under new ownership. Las Vegas-based Pinnacle Entertainment Inc. (Nasdaq: PNK), which owns Ameristar Casino and Hotel in East Chicago and Belterra Casino Resort in Florence, is set to be acquired by Penn National Gaming Inc. (Nasdaq: PENN) in a $2.8 billion deal.

    • Governor Announces OMB Director Change

      Governor Eric Holcomb has named Cris Johnston Office of management and budget director. He previously served eight years for then Gov. Mitch Daniels as the executive director of the Office of Management and Budget’s division of government efficiency and later, as deputy chief of staff. Johnston will take over for Micah Vincent who is leaving the administration.
    • (photo courtesy of ArcelorMittal)

      ArcelorMittal Investing $160M at Burns Harbor

      Luxembourg-based ArcelorMittal has announced plans to invest more than $160 million in its Burns Harbor steel mill. Our partners at The Times of Northwest Indiana report the steelmaker's investment will focus on several areas within the facility over the next several years.

    • I-65 INDOT construction map

      I-65 Construction Update

      Construction work is scheduled to start next week on I-65 near downtown Indianapolis. Indiana Department of Transportation crews will begin to clean up the interstates after two years of freeze/thaw cycles. Crews will be working in segments, including patching and repaving work. INDOT crews will begin work in earnest on northbound and southbound in segments, beginning on weekend nights from April 26 through August.  

    • (photo courtesy of Reid Health)

      Reid Health To Acquire Fayette Regional Health System

      Reid Health has entered into an agreement to acquire the assets of Fayette Regional Health System of Connersville. The announcement comes after Fayette Regional filed for protection under Chapter 11 in October 2018. Specific terms will be disclosed in the bankruptcy case and will include a $12.75M payment to the bankruptcy estate of Fayette. The deal requires bankruptcy and regulatory approval and is expected to be finalized in mid-July this year.