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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: laura_bush who wrote (5962)	3/11/2004 11:10:48 AM
From: Lizzie Tudor	Respond to of 173976

publicity about drug company price gauging casts a bad shadow on the Bush medicare drug plan..... Pa. Sues Drug Makers Over Pricing Pennsylvania Sues 13 Major Pharmaceutical Companies Over Pricing Practices HARRISBURG, Pa. (AP) -- Pennsylvania is suing 13 major pharmaceutical companies and subsidiaries, accusing them of inflating prices in an alleged scheme that cost the government, insurers and consumers hundreds of millions of dollars. Attorney General Jerry Pappert called the Commonwealth Court action filed Wednesday "the broadest effort to date to fight the problem" of price manipulation by drug companies trying to gain market share. Pappert said the companies essentially have two prices: the actual price and the average wholesale price the companies say they charge. Pappert said pharmacies, doctors and other medical providers bill their customers -- government agencies, insurance companies and patients -- using the average wholesale price. That price is often far higher than the actual price and the medical providers pocket the difference, Pappert said. The drug makers benefit by being able to capture a larger percentage of the market. biz.yahoo.com