FTC says Merck deal cut competition

Article Abstract:

Merck and Company has been accused of reducing competition in the pharmaceuticals industry by the Federal Trade Commission (FTC) following its acquisition of Medco Containment Services in 1993. Merck has agreed to FTC antitrust safeguards which would prevent the combined companies from reverting to previous unfair market practices. Medco, which is a managed-care drug sales firm, must refrain from offering information about competing products to Merck. Medco must also make available a wide array of products for inclusion on lists used by independent committees of pharmacies and doctors.

Comment:

Has been accused of reducing competition in the pharmaceuticals industry by the FTC, which imposes new antitrust safeguards

Government regulation (cont), Company Planning/Goals, Pharmaceutical Preparation Manufacturing, Pharmaceutical Preparations, Drugs, Merck & Company Inc., Article

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Olsten to pay $61 million in Medicare billing case

Article Abstract:

Kimberly Home Health Care settles Federal investigation. Olsten will consider divesting itself of Kimberly, which had operating losses this year. Kimberly managed home services for Columbia/HCA Healthcare. On a related subject, the Federal Health and Human Services Department is investigating Centennial Healthcare for Medicare billing.

Legal issues & crime, Health Care, Health Care and Social Assistance, HEALTH SERVICES, Medical care, Abstract, Olsten Kimberly QualityCare

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