It's hard to hide $168.7 million in annual revenue when a company is simply a small pharmacy. However, when that pharmacy is Ven-A-Care of FL Keys, Inc., the revenue reflects a dedication to whistle-blowing on drug corporations that try to overcharge Medicare and Medicaid, accounts the LA Times. While the company has been called a “professional bounty-seeker” by critics, the truth is that tens of millions of dollars are at stake. Resource for this article - Ven-A-Care blows the whistle on Medicare fraud by Newsytype.com.
Ven-A-Care faces off with big pharmaceuticals
The price paid for drugs v what is reported by the big pharmaceutical drugs to the federal government for reimbursement is what the Ven-A-Care researches. Anything that looks wrong is what Ven-A-Care is looking for, for the Federal Government. Then, a lawsuit might be filed.
A 1-gram vial of vancomycin was sold to pharmacies at $6.29 each but the company charges $58.37 to Medi-Cal in 2005. The medication atenolol was charged to Medi-Cal for $70.30 while pharmacies only paid $3.05 for 50 milligram tablets. These examples are very small, says that LA Times. The State of CA has recovered at least $95 million of late, thanks to Ven-A-Care's efforts.
"I think Ven-A-Care has played a predominant role in alerting state and federal governments about … fraud," said California Supervising Deputy Attorney General Nicholas Paul.
Information for Ven-A-Care
Just since 2000, about 18 health insurance coverage over-billing cases have been won by Ven-A-Care. About $2.2 billion has been brought back in by the state and federal government through this although the small pharmacy collected about $380 million.
“(Ven-A-Care is) cleaning up a huge cesspool,” said Nevada attorney and former Medicaid fraud investigator L. Timothy Terry. “Without their efforts, taxpayers would be gouged out of I don't know how much money.”
Getting payments capped
Insiders like former federal healthcare scams investigator Michael Loucks believe that corporations like Ven-A-Care are taking advantage of a near-limitless jackpot system. Now a defense attorney, Loucks told the Times that a $2 million limit ought to be instituted, large enough to still encourage whistle-blowers, but small enough to keep the government cash advance under control.
Jin Breen within the attorney for Ven-A-Care. He says that the cap wont’ work. The federal government works with Ven-A-Care’s legal team regularly though. The large return is necessary to pay for the cost of all the things required for the suit.
Los Angeles Times
Medicare fraud hurts U.S. taxpayers
In 1869, a 10-foot-4 so-called scared man was found in upstate New York. The Cardiff Giant became something the media talked about. The public's fascination continued ever after it was revealed the figure was a joke. A new York artist has recreated the model and promises to recreate the situation. Article source: The Cardiff Giant rises again in Syracuse
The situation to attend
Hypertufa was used by Syracuse-based designer Ty Marshall to reproduce the Cardiff Giant. The event it will be used for will be called “There’s a Sucker Born Every Minute: Re-creating the Cardiff Giant.”Marshal described the event:
"I'm doing an artistic endeavor about the hoax. We're recreating the giant, burying it in the ground and digging it up on Oct. 16, the 142nd anniversary of the 'discovery.' Of course, we have to put the word 'discovery' in quotes."
Prototype of media sensationalism
According to Marshal, this is a special event. It is a prototype of media sensations, he said. The project's site describes its motives:
"The project’s focus defines a lineage to Central New York’s history as a creative community, how religious fundamentalism has affected modern culture in Upstate New York and throughout the nation, and the origin of arts and entertainment -- notably 'pop culture' -- in the United States, and how arts and culture serves as an economic engine."
What you should know
The Cardiff Giant hoax was conceived in 1868 when George Hull, an atheist tobacco salesman, got into an argument with a minister. He was attempting to show that the public can be fooled into anything because of the clergy.A figure was produced by sculptor Edward Burghardt, employed by Hull, to be able to create a figure that was supposed to be an Abraham Lincoln representation. Hull then poked the statue full of nail holes to represent pores in the skin and aged it in an acid bath. He then buried it. He had two men “discover the remains” by digging a well in that same spot.The figure was considered proof that the Old Testament’s giants really existed, including Nephilim. Individuals traveled from all around the country and stood in lines to glimpse the giant.The giant was almost purchased by Showman P.T. Barnum. Already, the statue had sold. It was sold by businessmen by Hull. Barnum made his own giant and called it his own after being refused.The businessmen took Barnum to court for the lie about the Cardiff Giant, which led to learning about the hoax. It was found since the judge asked for proof that the model was authentic.
Scam continues to draw the public
The Cardiff Giant wasn’t about to disappear.
"The brilliant thing that happened afterwards is that the guy who owned it made money by letting people see how they were duped," Marshal explained.
The tradition will be continued by Marshal and his team. They want to bring crowds to the Cardiff Giant once again. It will be unearthed Sunday and remain on display at the Lipe Art Park in Syracuse, N.Y., through Oct. 23.
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