Costco probed in alleged drug kickback scheme

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Costco probed in alleged drug kickback scheme; Two Costco directors are under investigation for allegedly demanding unlawful rebates when buying drugs for their pharmacies.
Topic Started: Mar 29 2016, 12:04 AM (70 Views)
goldengal	Mar 29 2016, 12:04 AM Post #1
Mistress, House of Dogs Posts: 11,674 Group: Member Member #715 Joined: March 31, 2010	Quote: Costco is under investigation for an alleged kickback scheme where it demanded a drug company pay more than a million dollars to get its medications stocked at the giant store chain’s pharmacies. The Ontario College of Pharmacists began its probe after a sales rep for generic drugmaker Ranbaxy filed a complaint accusing Costco of squeezing out nearly $1.3 million in unlawful rebates. At the heart of the complaint is a secretly recorded phone conversation of a Costco director explaining to a drug company sales rep how much the drug company would have to pay to “greatly reduce the likelihood of somebody eating your business.” http://www.thestar.com/news/canada/2016/03/28/costco-probed-in-alleged-drug-kickback-scheme.html While I have been a Costco member for years so far I do not need many prescdriptions so have not purchased them there except for once and I did not find that prescription to be much cheaper than I had paid at my usual pharmacy. Take care, Pat



Trotsky	Mar 29 2016, 12:37 AM Post #2
Big City Boy Posts: 38,319 Group: Member Member #79 Joined: September 8, 2005	If Costco charges twice as much for it's drugs, no governmental agency would TOUCH them. THe recent publicity about their quoting lower prices triggered the investigations obviously instigated by major PHARMA manufacturers like this stooge who worked for Ranbaxy. Bet dollars to donuts it was a setup. Edited by Trotsky, Mar 29 2016, 12:37 AM.



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