Senator Roger Bedford has introduced a bill (SB 468) that if passed would help the Alabama Medicaid Agency put a stop to the fraudulent practices of the drug manufacturers relating to their reporting of false prices for drugs. The bill, which would provide penalties for cheating the Medicaid agency in Alabama, covers fraudulent practices of pharmaceutical providers of medicines and pharmaceuticals to the program.
The bill provides that, in addition to any other penalty, fine, or sanction that applies to pharmaceutical providers which defraud the agency by deliberately furnishing false prices for pharmaceuticals, the drug manufacturers would be liable for a per transaction penalty of not less than $100 nor more than $15,000 per transaction, which shall be paid to the State General Fund.
This is a good bill and it should be passed and signed into law. But I understand the drug manufacturers have hired every available lobbyist in an effort to defeat the bill. Even if Roger’s bill doesn’t pass, he has certainly helped the capital city’s economy.
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