U.S. fines drug companies $725M for price fixing

Article Abstract:

F Hoffmann-LaRoche of Switzerland, BASF of Germany and Rhone-Poulenc of France were found guilty by the US Justice Department of manipulating the price for bulk vitamins. Hoffmann-LaRoche and BASF were slapped with a record $725 million in penalties, while Rhone-Poulenc avoided any fine because it cooperated with the investigators. Kunno Sommer, former director of worldwide marketing at Hoffman-LaRoche, will serve four months in jail and pay a $100,000 fine.

Medicinal and Botanical Manufacturing, Bulk Vitamins, BASF AG, F. Hoffmann-LaRoche and Company Ltd.

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HMO reform owes life to doctors in the House

Article Abstract:

The House vote which overwhelmingly approved health care reform was due to the strong support given by doctors and dentists who are House members. A significant number are Republicans who refused to follow their party's stand to oppose health care reform. The bill was sponsored by Rep Charlie Norwood, a Republican dentist from Atlanta, GA. Most of the doctors in the House supported the reform bill because of their bitter experiences with HMOs.

HMO Medical Centers, Health Maintenance Organizations

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Drug bill passes, debate continues

Article Abstract:

A Republican Party-sponsored bill involving a prescription drug plan for seniors has been approved by the House on Jun 28, 2000. However, the drug benefit bill has raised new questions from Democrats as to how the plan would work and is expected to be vetoed by Pres Clinton. The pharmaceutical industry has been strongly supportive of the measure, but the insurance industry has resisted it.

Drugs Reimbursement Benefits, Prescription drug plans

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