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.”