This is an update on the raid of the Siemens facility in Pennsylvania this week and states bigger discounts were given to corporate customers with the government paying higher prices, and in reality, who really knows how often this has gone on in healthcare, and with drugs this has been a heated topic for a few years too.
The initial suit goes back to an initial filing in 2004. As the ability to create income and profits become stretched and challenging who knows, will we see more of these types of investigations? BD
The unit of German conglomerate Siemens AG (NYSE:SI) is accused in the suit of giving corporate customers of its medical imaging equipment bigger discounts than it gave the federal government while assuring the government that it was getting the best discounts Siemens offered.
The filer, William A. Thomas, was an executive with Siemens and also worked for a company that bought equipment from it and a company it acquired.