$154M Medicaid Settlement shared by Federal Government, Four States, and a Florida pharmacy

TALLAHASSEE, Fla. (AP) — A settlement of $154 million will be shared between the federal government, four states, and a Florida pharmacy company – the whistleblowers in the Medicaid fraud case.

Earlier on Thursday, Pan Bondi Florida’s Attorney General announced the ruling to Par Pharmaceuticals Inc. and Par Pharmaceuticals Companies of Spring Valley, N.Y., the companies charged with inflating medication costs billed to Medicaid.

The primary whistle blower, Ven-A-Care of the Florida Keys who filed the complaint, will receive $9 million while its attorneys will receive $5 million. A whopping $90.95 million goes to the federal government. While Texas receives $24.4 million plus $5 million for legal expenses, Florida gets $9 million, Kentucky gets $4.5 million, Alaska gets $900,000, and South Carolina wins $3.15 million.

A big $1.6 million will be paid to a law firm that represented Kentucky.