Just in Time to Scare You for Hallowe’en: U.S. Attorney in Massachusetts Announces $6.8 BILLION Recovered in Healthcare Fraud Cases

By Jeffrey N. Wasserstein –
 
On October 28, 2009, Michael Loucks, the Acting U.S. Attorney for the District of Massachusetts, announced that his office has recovered over $6.8 billion in healthcare fraud cases over the last 15 years, which is almost 30% of the total healthcare fraud recoveries in that time period in the U.S.  This includes the recent $2.3 billion settlement with Pfizer.  If you read the list of companies in the press release that have paid more than $50 million, twelve of the 14 companies are pharmaceutical or medical device companies. 

Where will the prosecutors from Boston be trick or treating next?  Scary times for pharma and the medical device industries.