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Nov 1, 2010 5:08 PM

La. Attorney General sues drug companies over inflated costs

BATON ROUGE, La. (AP) - Louisiana Attorney General Buddy
Caldwell is alleging that 18 drug companies inflated drug costs Louisiana paid through the Medicaid program by hundreds of millions of dollars.
Caldwell said Monday that he filed a lawsuit on Oct. 28 against the companies in state court in Baton Rouge.
In the suit, Caldwell alleges that the drug companies
misreported drug price information on purpose to get higher
reimbursement payments by Louisiana's Medicaid program.
The attorney general called it "an egregious abuse of the Medicaid reimbursement system."
Caldwell says the federal government and many other states have won verdicts and settlement after they filed similar suits against drug companies.

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