Abbott to pay a $600 million in fines (medicare/medicaid fraud)

[salin]

Abbott to pay a $600 million in fines

Associated Press
Published October 28, 2003, 3:30 PM CST

EAST ST. LOUIS, Ill. -- An Abbott Laboratories subsidiary has been sentenced to pay $200 million because its employees tried to help undercover agents defraud Medicare and Medicaid.

CG Nutritionals Inc. pleaded guilty in July of obstructing a criminal investigation of health care offenses, after a large federal investigation into fraudulent sales of medical equipment.

In a related civil settlement, North Chicago-based Abbott Laboratories agreed to pay more than $400 million on behalf of its Ross Products Division to resolve claims involving the federal health insurance programs, according to U.S. Attorney Richard Byrne.

more: (reg. required) http://www.chicagotribune.com/business/chi-031028abbott,1,4739210.story?coll=chi-business-hed

[nothingshocksmeanymore]

1. I didn't register for the whoe story but what was their take? billions?

[salin]

2. Doesn't say

you should register - on the business news the Chicago Trib has great coverage.

[denverbill]

3. That's OK. That's Republican fraud.

It's not like the welfare crooks who pilfer $1000 and waste it on booze.