Vermont and 16 other states join suits against drug giant Wyeth

Posted On Jan 1 2021 by

first_imgVermont Attorney General William H Sorrell announced today that Vermont and sixteen other states have filed a joint motion to intervene in two whistleblower lawsuits against the drug manufacturer Wyeth. In the motion and accompanying complaint, filed last Friday, the States allege that Wyeth knowingly failed to report certain discounted prices of its drugs as required by laws governing the Medicaid program. As a result, Wyeth allegedly avoided paying hundreds of millions of dollars in rebates owed to state Medicaid programs for its drugs, Protonix Oral and Protonix IV.”Vermont should not be forced to pay a premium price for these important drugs when it is entitled to a discount. By intervening in this case, we are attempting to protect the fiscal integrity of Vermont’s Medicaid program, and the health of the many Vermonters who depend upon it,” said Attorney General Sorrell.Under the Medicaid Drug Rebate Program, drug manufacturers are required to report to the government certain prices they charge their customers, including the “best price” offered for their drugs. They also are required to pay rebates to the state Medicaid programs which are calculated based on the reported discounted prices offered to other customers. Congress created the Medicaid Drug Rebate Program in order to ensure that Medicaid, the nation’s provider of health insurance to the poor and the disabled and one of the largest purchasers of drugs, receives the benefit of the same discounts offered to other large commercial customers in the marketplace.Between 2001 and 2006, Wyeth offered steep discounts to thousands of hospitals nationwide for Protonix Oral and Protonix IV, which are used to suppress stomach acid, under pricing arrangements known as “Protonix Performance Agreements.” These arrangements offered discounted prices based on certain conditions, such as market share or placement on formularies. The States allege that Wyeth was required under the Medicaid Drug Rebate Program to report prices paid by hospitals under this arrangement, and to pass along the benefit of the lower prices to the state Medicaid programs. Wyeth allegedly failed to do so and therefore avoided paying hundreds of millions of dollars to Medicaid in rebates.Vermont’s role in the case, now pending in the United States District Court for Massachusetts, is being handled by the Office of Attorney General’s Medicaid Fraud and Residential Abuse Unit. By intervening in the suits, Vermont seeks damages from Wyeth on behalf of its Medicaid program.Source: Vermont Attorney General. 5.10.2010last_img read more

Russell Westbrook trade rumors: Rockets pursuing three-team deal for Thunder guard

Posted On Aug 16 2020 by

first_imgNBA TRADE RUMORS:These five teams could pursue Russell Westbrook”I will say this — the Houston Rockets are trying to get in on this,” Windhorst said on “SportsCenter” when asked by Cari Champion about a Westbrook trade. “They’re trying to get in and possibly do a three-team trade where they could get their hands on Russell Westbrook. But again, three-team trades are pretty difficult.”Westbrook’s enormous contract complicates trade discussions, and the challenges in constructing a three-teamer makes the Rockets a “long shot” at the moment.Russell Westbrook contractAgeSalary2019-2030$38.5 million2020-2131$41.3 million2021-2232$44.2 million2022-23 (player option)33$47.0 millionChris Paul’s salary for 2019-20 ($38.5 million) matches perfectly with Westbrook’s, but the Thunder are trying to move off money and duck the luxury tax. That doesn’t make a ton of sense. The more likely trade candidates are guys like Clint Capela and Eric Gordon. Even then, the deal would need additional work. The Heat seem to be the favorite to land Russell Westbrook with the Thunder guard now on the trade block, but the Rockets aren’t giving up just yet.Houston is looking to execute a three-team deal in order to acquire the eight-time All-Star, according to ESPN’s Brian Windhorst. The Thunder likely desire young prospects as part of a Westbrook deal, and that’s what puts the Heat in the lead. Justise Winslow, Bam Adebayo and Tyler Herro are worthwhile targets for Oklahoma City, though it’s unclear if Miami is willing to part with any of those players. (CBA note: Herro can’t be traded for 30 days after signing his rookie contract with the Heat on Wednesday.)Windhorst says if it’s up to Westbrook, he’d prefer to take his talents to South Beach. That could be an important factor in negotiations, should the Thunder want to do right by a franchise icon.”From what I understand, he’s supplied a list to the Thunder with a few teams on it, a short list,” Windhorst said. “But the Heat are at the top of it.”last_img read more

Impressive start to the year for junior Flyers

Posted On Jan 12 2020 by

first_imgThe knights of Columbus Flyers started off the new year the same way in which they ended 2010, undefeated.On Sunday, The Knights of Columbus AA Bantam Flyers took on Dawson Creek, shutting them out by a score of 3-0. With the win, the flyers undefeated streak is kept alive at an impressive 4-0 against all Peace teams.- Advertisement -After a scoreless first period and with only 47 seconds left in the second, Flyers Lien Miller-Jeannotte took the initiative to get his team on the board, scoring to put the Flyers up 1-0. Miller-Jeannotte’s goal would be the eventual game winner.The third period saw the Flyers add to their lead, as Thomas Webster scored two goals for his squad, increasing their lead to 3-0, which would eventually be the final score.Flyer’s goaltender Sean Gjernes earned the shutout in between the pipes.The team’s next game will take place Sunday, Jan. 22, at home against Fairview. Advertisementlast_img read more

American Express launch prepaid travel card

Posted On Aug 17 2019 by

first_imgAmerican Express has announced the launch of a new prepaid travel card as a substitute to cash for travellers.The GlobalTravel Card expected to be released early next month was designed by the financial company as a reloadable card with extra services and features.According to American Express Global Prepaid Vice President and General Manager Lawrence Chan the card is available for conversion to USD, EUR and GBP and has an array of features including a secured exchange rate system.“As many travellers know all too well, it is very easy to lose track of the exchange rate while travelling, miscalculate currency conversions or underestimate travel budgets… This is where travel cards come to the fore,” Mr Chan said.“The card allows an attractive exchange rate to be locked and loaded so travellers don’t need to worry about exchange rate volatility.”The inbuilt 24/7 global services feature offers cardholders assistance with lost or stolen credit cards, wallets, luggage and support for emergency legal or medical referrals.American Express has also included a free of fee replacement service to the traveller’s destination for lost or stolen cards.“Not only do prepaid travel cards give travellers’ greater control over their finances, they provide the certainty of global acceptance and an enhanced level of security and fraud protection,” Mr Chan said.Mr Chan said the lack of inactivity fees and no fund expiry period makes the card attractive to people looking to exchange currency without intentions to travel.“Up until now, when the dollar has been strong, it has been common for travellers to stock up on travellers cheques, but now Australians are also turning to our new prepaid currency card which has no time limit on when the currency needs to be spent.”The card will be available early November from American Express Foreign Exchange Services offices and Australia Post retail outlets and is accepted globally at millions of locations outside of Australia.    Source = e-Travel Blackboard: N.Jlast_img read more