> paying kickbacks to physicians to induce them to prescribe Biogen drugs
I blame the ones that take the money.
Biogen agrees to pay $900M to settle drug kickbacks allegations
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Re: Biogen agrees to pay $900M to settle drug kickbacks allegations
#12How much of this goes to the victims who were inappropriately prescribed drugs? 90%, 95% 100% ?
Re: Biogen agrees to pay $900M to settle drug kickbacks allegations
#13I really take issue with "settlements" of such a scale that don't equate to an admission of guilt. It's essentially buying a get of jail free card. If any individual were facing criminal charges, they would have to plea guilty before any easy-way-out is considered. If it would have taken a billion dollars in legal fees to prove your innocence, I'm going to take a chance and suggest that these claims likely weren't "f…
There's no such thing as guilt in a civil suit though - even if it goes to trial there is no guilt or non-guilt verdict, there's just a balance of evidence. There's still no admission or presumption of guilt at the end of a trial.
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Re: Biogen agrees to pay $900M to settle drug kickbacks allegations
#14I really take issue with "settlements" of such a scale that don't equate to an admission of guilt. It's essentially buying a get of jail free card. If any individual were facing criminal charges, they would have to plea guilty before any easy-way-out is considered. If it would have taken a billion dollars in legal fees to prove your innocence, I'm going to take a chance and suggest that these claims likely weren't "f…
$30 billion fine, that's appropriate. Dude get the pricing right, government should get valuators for this, it's not a percentage of the profits, it's double or treble the damages.
Re: Biogen agrees to pay $900M to settle drug kickbacks allegations
#15I really take issue with "settlements" of such a scale that don't equate to an admission of guilt. It's essentially buying a get of jail free card. If any individual were facing criminal charges, they would have to plea guilty before any easy-way-out is considered. If it would have taken a billion dollars in legal fees to prove your innocence, I'm going to take a chance and suggest that these claims likely weren't "f…
There's no such thing as guilt in a civil suit though - even if it goes to trial there is no guilt or non-guilt verdict, there's just a balance of evidence. There's still no admission or presumption of guilt at the end of a trial.
You're correct, I should have been more clear in my comparison to individuals facing criminal charges. I am critiquing that they get to squash this matter in such a way before the preponderance of evidence can occur to bring proper charges against them, which likely would have occurred if the lawsuit had been allowed to play out. Almost certainly, this settlement will come with some binding arbitration towards the accusants.
Re: Biogen agrees to pay $900M to settle drug kickbacks allegations
#16> paying kickbacks to physicians to induce them to prescribe Biogen drugs I blame the ones that take the money.
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Re: Biogen agrees to pay $900M to settle drug kickbacks allegations
#17How much of this goes to the victims who were inappropriately prescribed drugs? 90%, 95% 100% ?
Likely zero. It’s a payday for the violence monopoly.
I’m very stoked for this guy though and curious what his cut is and how that is determined. Any ideas?
Re: Biogen agrees to pay $900M to settle drug kickbacks allegations
#18Re: Biogen agrees to pay $900M to settle drug kickbacks allegations
#19How much of this goes to the victims who were inappropriately prescribed drugs? 90%, 95% 100% ?
Likely zero. It’s a payday for the violence monopoly. I’m very stoked for this guy though and curious what his cut is and how that is determined. Any ideas?
> The United States agrees that Relator shall be awarded a share of $250,000,000 ofthe Federal Settlement Amount paid by Biogen.