Claims processing company Ven-A-Care discovers fraud, reports the drug companies, and reaps millions.
As reported by CNBC, “the company began in the late 1980s as a home drug-infusion business. And as they processed drug claims with the government, they found something odd, says Patrick Burns, a spokesman for the non-profit group Taxpayers Against Fraud, who calls the founders of Ven-A-Care “American heroes.”
"What they discovered was that they were buying drugs for a buck and Uncle Sam was paying $5 for 'em,” Burns says. “Five-hundred percent markups, 1,000 percent markups, 2,000 percent markups that Uncle Sam was paying.”
Armed with that information, Ven-A-Care filed whistleblower suits against drug companies. And since 2001, the four men have forced drug companies to pay the federal government more than $1.3 billion dollars. Of that, the Ven-A-Care founders, known as “relators” in whistleblower jargon, got to keep $280 million dollars for themselves.”
http://www.cnbc.com/id/41491563?par=yahoo
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