Idaho to Receive $438,000 in Settlement with drugmaker Mylan over EpiPen
BOISE — Idaho will receive approximately $483,000 from EpiPen maker Mylan as part of a federal and multi-state settlement, Attorney General Lawrence Wasden announced Friday.
The settlement resolves allegations Mylan had been overbilling Medicaid programs for the emergency allergy injectors for nearly eight years, according to a news release. Mylan is said to have paid Medicaid too-low rebates for the devices by classifying its brand-name product as a generic, which requires lower rebates.
In order for a drug to be covered by Medicaid, by law pharmaceutical manufacturers agree to rebate a portion of the cost of the drugs given to Medicaid beneficiaries. The companies must also report the lowest price for which it sold a covered drug in a particular quarter, according to a news release.
This marks the second settlement between the U.S. Department of Justice and Mylan since 2009 for allegedly overcharging the government, according to the Associated Press.