• The Alternative Healthcare Model is the Original One
    Calling all doctors and patients to rebuild the healthcare landscape

    Dr. Syed Haider
    Norman Rockwell Visits A Family Doctor,” A Story, 57% OFF
    Doctors usually make good money in exchange for working way too much, while paradoxically spending way too little time with each patient.

    They’re pinched more and more every year by declining reimbursements from insurance companies, so they have to see more patients in the same amount of time.

    They also have to document visits in excruciating detail and are enslaved to their electronic medical records (EMRs) - which is why you almost never catch the eye of an insurance doc, they are so busy typing everything while talking to you.

    What you see in the visit is just the tip of the iceberg.

    They have more typing and arranging and clicking demanded by the bossy EMR outside the room before and after your visit.

    They also aren’t incentivized properly because the wrong person is paying them. You pay for health insurance and maybe a small copay visit fee, but most of their compensation comes to them via insurance, the middleman, so they are beholden to the insurance companies which are in bed with Big Harm-a (not misspelled).

    Image
    So Big Harm-a ultimately dictates what doctors can and can’t do, and via the insurance reimbursements dangles the most tempting bait if the government decides it’s time for something like mRNA shots all around.

    Almost all doctors are trapped in a vise that’s gradually tightening, but they don’t have to be.

    Most think there’s no easy way out, because they’ve never done the math on the rapidly growing alternative practice model.

    THE LIFELINE

    Most primary care physicians working with insurance have thousands of patients.

    A 2012 study published in the Annals of Family Medicine estimated that the average PCP has a panel of 2300 patients, and went on to note that:

    “Estimates suggest that a primary care physician would spend 21.7 hours per day to provide all recommended acute, chronic, and preventive care for a panel of 2,500 patients.”

    I have met many doctors with busy mature practices with panels of 5000 patients and above.

    On the other hand, cash pay direct primary care (DPC) docs have far fewer patients, often numbering in the low to mid hundreds depending on how much they charge (usual range is anywhere from $100-$500/month and can be higher for more specialized, exclusive or concierge level services).

    Even a low end DPC doc charging $100/month will clear the same or more than a typical insurance practice with just a few hundred patients (ie as little as 1/10th the patient panel).

    500 patients at $100/month = $50,000/month = $600,000/year.

    Minus typical practice overhead of 50% = $300,000/year take home.

    (And overhead could go even lower in DPC due to no need for back office staff hired just to pester insurance companies to pay what they owe.)

    Depending on who you ask, the average PCP salary in the US is now somewhere between $200k and $260k per year, so $300k would be a really good, above market salary for an insurance doctor carrying a mid range 2300 patient panel, and all the PCPs on the wrong end of the bell curve make a lot less (while doing way more work).

    Thank you for reading Dr. Syed Haider. This post is public so feel free to share it.

    Share

    Any reasonably agreeable, likable doctor with thousands of preexisting insurance patients can easily transition to hundreds willing to pay monthly out of pocket to stay in their practice and get a lot more personal time and attention.

    And a doctor just starting out only needs to convince a few hundred patients to join his practice.

    Until they are up and running they can moonlight weekends at a local hospital to get by.

    For the best advertising/outreach they could just whip up a convincing presentation and go deliver it for free at nursing homes, schools and churches (or just copy one they find from someone else as a start and then make it their own).

    Hand out flyers with a number and link to a simple signup page with more free stuff, like a short video or ebook about simple changes to help finally resolve chronic health issues, optimize health or taper off chronic meds.

    The pitch is simple.

    You don’t need any more proof than your own experience to know that primary care is broken in the US.


    Of course there’s also plenty of data to support it. For example one study noted that “only 8% of US adults aged 35 years or older received all recommended, high-priority, appropriate clinical preventive services.” (Mechley, 2021)

    In any endeavor outcomes matter, but they are especially important in medicine.

    In the US 42% of people now have 2 or more chronic health conditions, and the rates are skyrocketing at the same time that healthcare utilization is shooting up. The more prescriptions and procedures we get, the more disease we have.

    On the other hand studies show that patients in DPC have better health, including fewer hospital stays, better blood pressures, and improved diabetes care.

    It stands to reason that if we cut out the middlemen and pay doctors the way we pay lawyers and plumbers, societal and personal health care costs would plummet because doctors would be incentivized to actually keep you healthy and out of the hospital and have the time to convince you to do what it takes to achieve the best health outcomes.

    LEAVE NO MAN BEHIND

    Along the way there are some easy solutions for privatizing health coverage for those who can’t afford it.

    It’s estimate that between 6 and 16% of Americans already have some form of DPC or concierge physician and that 8-16% of doctors are currently planning to transition to some form of cash based practice outside the mainstream insurance model.

    So where does that leave the rest of the country? Inflation is making it harder than ever for people to make ends meet, and it’s difficult to find a spare $100/month in most households.


    We don’t need to reinvent the wheel.

    What we used to do to solve this problem wasn’t rely on big government, but for those who could afford it to donate money to groups like churches that built health care systems that treated people for free.

    Those same non profit systems do still exist in many cities, but have been warped by their interactions with insurance companies.

    We need to starve the insurance companies out of existence and transition to local communities supporting themselves again. In order to help cover expensive procedures, people who can afford to pay in to a plan monthly, can choose to join existing nonprofit health sharing co-ops that provide coverage similar to insurance at a much lower cost.

    Physicians should also normalize a culture of pro bono work the way lawyers have. They can provide premium concierge tier services for wealthy clients and a regular DPC tier for those who do have enough money, and another pro bono tier for those who don’t.

    I’ve written about my desire to start an online PCP service before and I’m still looking for a doctor who’s aligned with my own philosophy to help me launch it for mygotodoc.

    I’m also looking into how we can branch out and efficiently find new patients in a hybrid local telemedicine model. If any of you are physicians, NPs or PAs and are interested in starting your own local DPC/concierge style practice maybe we can help you market and launch it.

    AN INSATIABLE APPETITE

    Healthcare is the single biggest industry in the US today and like any capitalistic endeavor in a debt driven inflationary economy, it can only get bigger fast or die trying.

    This is a deeper topic, for another day, but you can see this post in the meantime that helps explain why that is:

    In order to grow at the current pace, “healthcare” actually needs to be disease care.

    If everyone who came in for a consult left without their illness, the whole industry would collapse and the bankers wouldn’t get paid back on the loans that keep it all afloat and growing.

    The trifecta of Big Ag, Big Chemical and Big Harm-a create a perfect storm of ever spreading disease.

    In the eye of that storm, there’s a welcoming casino where the doors are always open, that goes by the name of Medical Insurance.

    But medical insurance is far worse than simple gambling.

    Even though many people do get big payouts, the house always wins because disease is what’s incentivized, not health.

    In a casino they comp the room, in the insurance biz you get comped for bad care year in and year out that breeds disease.

    The only way to get rid of the super-sized insurance parasite, is to starve it to death by choosing an alternative system, to flee the roach motel while you still can.

    It will start small, but grow by leaps and bounds once people start to see others doing it more and more and then they too will jump ship.

    It seems like a difficult and dangerous leap, but it really isn’t.

    If doctors think it through and focus on the very reasonable numbers required to make it work it will be a lot more manageable and if patients prioritize their health and take a hard look at their finances, many may be able to swing it until there are more options that help the less fortunate pay for real healthcare rather than disease management.

    In the meantime it is possible to simply take radical responsibility for your health and get well without a doctor. You will find many people on social media who have done it and are more than happy to coach you to do it too.

    At least 90% of health, if not more, is really in your hands and is as simple as making different lifestyle choices: get motivated, increase emotional intimacy and time spent with family and friends without technology, improve emotional health with a gratitude practice, turn off the lights and screens at sunset, sleep early and deeply, wake early, work early rather than late, get direct sun throughout the day and spend as much time outdoors as possible, take walks, sweat a little, eat real, slow food made at home from scratch, avoid vegetable oils, get rid of chemicals from your home, invest in a simple and cheap air purifier (you can even DIY them for 20 bucks, or if you can swing it, a more fancy one like Molekule), etc.

    Sounds like a lot, but take it slow, take baby steps, and it will be easy.

    https://blog.mygotodoc.com/p/the-alternative-healthcare-model
    The Alternative Healthcare Model is the Original One Calling all doctors and patients to rebuild the healthcare landscape Dr. Syed Haider Norman Rockwell Visits A Family Doctor,” A Story, 57% OFF Doctors usually make good money in exchange for working way too much, while paradoxically spending way too little time with each patient. They’re pinched more and more every year by declining reimbursements from insurance companies, so they have to see more patients in the same amount of time. They also have to document visits in excruciating detail and are enslaved to their electronic medical records (EMRs) - which is why you almost never catch the eye of an insurance doc, they are so busy typing everything while talking to you. What you see in the visit is just the tip of the iceberg. They have more typing and arranging and clicking demanded by the bossy EMR outside the room before and after your visit. They also aren’t incentivized properly because the wrong person is paying them. You pay for health insurance and maybe a small copay visit fee, but most of their compensation comes to them via insurance, the middleman, so they are beholden to the insurance companies which are in bed with Big Harm-a (not misspelled). Image So Big Harm-a ultimately dictates what doctors can and can’t do, and via the insurance reimbursements dangles the most tempting bait if the government decides it’s time for something like mRNA shots all around. Almost all doctors are trapped in a vise that’s gradually tightening, but they don’t have to be. Most think there’s no easy way out, because they’ve never done the math on the rapidly growing alternative practice model. THE LIFELINE Most primary care physicians working with insurance have thousands of patients. A 2012 study published in the Annals of Family Medicine estimated that the average PCP has a panel of 2300 patients, and went on to note that: “Estimates suggest that a primary care physician would spend 21.7 hours per day to provide all recommended acute, chronic, and preventive care for a panel of 2,500 patients.” I have met many doctors with busy mature practices with panels of 5000 patients and above. On the other hand, cash pay direct primary care (DPC) docs have far fewer patients, often numbering in the low to mid hundreds depending on how much they charge (usual range is anywhere from $100-$500/month and can be higher for more specialized, exclusive or concierge level services). Even a low end DPC doc charging $100/month will clear the same or more than a typical insurance practice with just a few hundred patients (ie as little as 1/10th the patient panel). 500 patients at $100/month = $50,000/month = $600,000/year. Minus typical practice overhead of 50% = $300,000/year take home. (And overhead could go even lower in DPC due to no need for back office staff hired just to pester insurance companies to pay what they owe.) Depending on who you ask, the average PCP salary in the US is now somewhere between $200k and $260k per year, so $300k would be a really good, above market salary for an insurance doctor carrying a mid range 2300 patient panel, and all the PCPs on the wrong end of the bell curve make a lot less (while doing way more work). Thank you for reading Dr. Syed Haider. This post is public so feel free to share it. Share Any reasonably agreeable, likable doctor with thousands of preexisting insurance patients can easily transition to hundreds willing to pay monthly out of pocket to stay in their practice and get a lot more personal time and attention. And a doctor just starting out only needs to convince a few hundred patients to join his practice. Until they are up and running they can moonlight weekends at a local hospital to get by. For the best advertising/outreach they could just whip up a convincing presentation and go deliver it for free at nursing homes, schools and churches (or just copy one they find from someone else as a start and then make it their own). Hand out flyers with a number and link to a simple signup page with more free stuff, like a short video or ebook about simple changes to help finally resolve chronic health issues, optimize health or taper off chronic meds. The pitch is simple. You don’t need any more proof than your own experience to know that primary care is broken in the US. Of course there’s also plenty of data to support it. For example one study noted that “only 8% of US adults aged 35 years or older received all recommended, high-priority, appropriate clinical preventive services.” (Mechley, 2021) In any endeavor outcomes matter, but they are especially important in medicine. In the US 42% of people now have 2 or more chronic health conditions, and the rates are skyrocketing at the same time that healthcare utilization is shooting up. The more prescriptions and procedures we get, the more disease we have. On the other hand studies show that patients in DPC have better health, including fewer hospital stays, better blood pressures, and improved diabetes care. It stands to reason that if we cut out the middlemen and pay doctors the way we pay lawyers and plumbers, societal and personal health care costs would plummet because doctors would be incentivized to actually keep you healthy and out of the hospital and have the time to convince you to do what it takes to achieve the best health outcomes. LEAVE NO MAN BEHIND Along the way there are some easy solutions for privatizing health coverage for those who can’t afford it. It’s estimate that between 6 and 16% of Americans already have some form of DPC or concierge physician and that 8-16% of doctors are currently planning to transition to some form of cash based practice outside the mainstream insurance model. So where does that leave the rest of the country? Inflation is making it harder than ever for people to make ends meet, and it’s difficult to find a spare $100/month in most households. We don’t need to reinvent the wheel. What we used to do to solve this problem wasn’t rely on big government, but for those who could afford it to donate money to groups like churches that built health care systems that treated people for free. Those same non profit systems do still exist in many cities, but have been warped by their interactions with insurance companies. We need to starve the insurance companies out of existence and transition to local communities supporting themselves again. In order to help cover expensive procedures, people who can afford to pay in to a plan monthly, can choose to join existing nonprofit health sharing co-ops that provide coverage similar to insurance at a much lower cost. Physicians should also normalize a culture of pro bono work the way lawyers have. They can provide premium concierge tier services for wealthy clients and a regular DPC tier for those who do have enough money, and another pro bono tier for those who don’t. I’ve written about my desire to start an online PCP service before and I’m still looking for a doctor who’s aligned with my own philosophy to help me launch it for mygotodoc. I’m also looking into how we can branch out and efficiently find new patients in a hybrid local telemedicine model. If any of you are physicians, NPs or PAs and are interested in starting your own local DPC/concierge style practice maybe we can help you market and launch it. AN INSATIABLE APPETITE Healthcare is the single biggest industry in the US today and like any capitalistic endeavor in a debt driven inflationary economy, it can only get bigger fast or die trying. This is a deeper topic, for another day, but you can see this post in the meantime that helps explain why that is: In order to grow at the current pace, “healthcare” actually needs to be disease care. If everyone who came in for a consult left without their illness, the whole industry would collapse and the bankers wouldn’t get paid back on the loans that keep it all afloat and growing. The trifecta of Big Ag, Big Chemical and Big Harm-a create a perfect storm of ever spreading disease. In the eye of that storm, there’s a welcoming casino where the doors are always open, that goes by the name of Medical Insurance. But medical insurance is far worse than simple gambling. Even though many people do get big payouts, the house always wins because disease is what’s incentivized, not health. In a casino they comp the room, in the insurance biz you get comped for bad care year in and year out that breeds disease. The only way to get rid of the super-sized insurance parasite, is to starve it to death by choosing an alternative system, to flee the roach motel while you still can. It will start small, but grow by leaps and bounds once people start to see others doing it more and more and then they too will jump ship. It seems like a difficult and dangerous leap, but it really isn’t. If doctors think it through and focus on the very reasonable numbers required to make it work it will be a lot more manageable and if patients prioritize their health and take a hard look at their finances, many may be able to swing it until there are more options that help the less fortunate pay for real healthcare rather than disease management. In the meantime it is possible to simply take radical responsibility for your health and get well without a doctor. You will find many people on social media who have done it and are more than happy to coach you to do it too. At least 90% of health, if not more, is really in your hands and is as simple as making different lifestyle choices: get motivated, increase emotional intimacy and time spent with family and friends without technology, improve emotional health with a gratitude practice, turn off the lights and screens at sunset, sleep early and deeply, wake early, work early rather than late, get direct sun throughout the day and spend as much time outdoors as possible, take walks, sweat a little, eat real, slow food made at home from scratch, avoid vegetable oils, get rid of chemicals from your home, invest in a simple and cheap air purifier (you can even DIY them for 20 bucks, or if you can swing it, a more fancy one like Molekule), etc. Sounds like a lot, but take it slow, take baby steps, and it will be easy. https://blog.mygotodoc.com/p/the-alternative-healthcare-model
    BLOG.MYGOTODOC.COM
    The Alternative Healthcare Model is the Original One
    Calling all doctors and patients to rebuild the healthcare landscape
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  • What is Charge Entry In Medical Billing?
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    What is Charge Entry In Medical Billing? Discover the role of Charge Entry in medical billing – the key to accurate claims and swift reimbursements. Unlock billing efficiency now! https://www.mgsionline.com/blog/what-is-charge-entry-in-medical-billing/ #chargeentryinmedicalbilling #chargeentry #medicalbilling #medicalcoding #medicalbillingservices #medicalbillingcompany
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    What is Charge Entry In Medical Billing?
    Discover the role of Charge Entry in medical billing – the key to accurate claims and swift reimbursements. Unlock billing efficiency now!
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  • How to save money on medicine purchases
    Medicine is an essential part of our daily lives, and we often don't realize how much money we spend on it until we see the receipts. With increasing healthcare costs, saving money on medicine purchases has become a crucial concern for many of us. But, with a few simple tips and tricks, it is possible to reduce the burden on our wallets without compromising on our health. Here are some ways you can save money on medicine purchases.

    1. Compare Prices: Just like any other product, the cost of medicines can vary from one pharmacy to another. Instead of always buying from the same store, take the time to compare prices from different pharmacies, both online and offline. You can also use price comparison websites to find the best deals. Don't forget to check for any ongoing promotions or discounts before making your purchase.

    2. Buy Generic Medicines: Generic medicines contain the same active ingredients as brand-name medicines but are usually much cheaper. They are also regulated and approved by the FDA, making them a safe and affordable alternative to brand-name medicines. Ask your doctor or pharmacist if there is a generic version of your prescribed medicine available.

    3. Take Advantage of Prescription Savings Programs: Many pharmacies offer prescription savings programs, where you can receive discounts on your medicines. These programs may require a membership or a small fee, but they can save you a significant amount of money in the long run.

    4. Look for Coupons and Discounts: Keep an eye out for coupons and discounts offered by pharmacies or drug manufacturers. You can find these in newspapers, flyers, or on their websites. You can also sign up for loyalty programs and newsletters to receive notifications about upcoming sales and discounts.

    5. Ask for Samples: If you are starting a new medication, ask your doctor for samples. This can save you money as well as help you determine if the medication works for you before making a larger purchase. If samples are not available, ask your doctor for a smaller dosage to start with, so that you can minimize the cost if the medication doesn't suit you.

    6. Check Your Insurance Coverage: If you have health insurance, check if your prescribed medicines are covered under your plan. Some insurance plans may offer discounts or reimbursements for certain medications or pharmacies. You can also ask your doctor to prescribe generic medicines instead of brand-name ones, as they are more likely to be covered by insurance.

    7. Consider Online Pharmacies: Online pharmacies often offer lower prices compared to physical stores. However, make sure to do your research and only buy from reputable and licensed online pharmacies to ensure the quality and safety of your medication.

    8. Avoid Impulse Buys: Don't be tempted to stock up on medicines you don't need, just because they are on sale. Stick to your prescribed medications and only buy what you need. This can save you money and prevent you from wasting any unused medication.

    9. Use Over-the-Counter Medicines: Certain common ailments can be treated with over-the-counter medicines rather than prescribed ones. Consult with your doctor before making any changes to your medication but consider using over-the-counter medicines when possible to save money.

    10. Take Care of Your Health: Prevention is always better and cheaper than cure. Take care of your health by eating a balanced diet, exercising regularly, getting enough sleep, and practicing good hygiene. This can reduce your chances of falling ill and needing costly medications.

    In conclusion, with a little research and planning, it is possible to save money on medicine purchases without compromising your health. Always consult with your doctor before making any changes to your medication, and be on the lookout for discounts and promotions. Implement these tips, and you will see a noticeable difference in your medical expenses. Remember, a healthier and wealthier you is the ultimate goal!

    Visit the site - https://cheappharmacy.site
    How to save money on medicine purchases Medicine is an essential part of our daily lives, and we often don't realize how much money we spend on it until we see the receipts. With increasing healthcare costs, saving money on medicine purchases has become a crucial concern for many of us. But, with a few simple tips and tricks, it is possible to reduce the burden on our wallets without compromising on our health. Here are some ways you can save money on medicine purchases. 1. Compare Prices: Just like any other product, the cost of medicines can vary from one pharmacy to another. Instead of always buying from the same store, take the time to compare prices from different pharmacies, both online and offline. You can also use price comparison websites to find the best deals. Don't forget to check for any ongoing promotions or discounts before making your purchase. 2. Buy Generic Medicines: Generic medicines contain the same active ingredients as brand-name medicines but are usually much cheaper. They are also regulated and approved by the FDA, making them a safe and affordable alternative to brand-name medicines. Ask your doctor or pharmacist if there is a generic version of your prescribed medicine available. 3. Take Advantage of Prescription Savings Programs: Many pharmacies offer prescription savings programs, where you can receive discounts on your medicines. These programs may require a membership or a small fee, but they can save you a significant amount of money in the long run. 4. Look for Coupons and Discounts: Keep an eye out for coupons and discounts offered by pharmacies or drug manufacturers. You can find these in newspapers, flyers, or on their websites. You can also sign up for loyalty programs and newsletters to receive notifications about upcoming sales and discounts. 5. Ask for Samples: If you are starting a new medication, ask your doctor for samples. This can save you money as well as help you determine if the medication works for you before making a larger purchase. If samples are not available, ask your doctor for a smaller dosage to start with, so that you can minimize the cost if the medication doesn't suit you. 6. Check Your Insurance Coverage: If you have health insurance, check if your prescribed medicines are covered under your plan. Some insurance plans may offer discounts or reimbursements for certain medications or pharmacies. You can also ask your doctor to prescribe generic medicines instead of brand-name ones, as they are more likely to be covered by insurance. 7. Consider Online Pharmacies: Online pharmacies often offer lower prices compared to physical stores. However, make sure to do your research and only buy from reputable and licensed online pharmacies to ensure the quality and safety of your medication. 8. Avoid Impulse Buys: Don't be tempted to stock up on medicines you don't need, just because they are on sale. Stick to your prescribed medications and only buy what you need. This can save you money and prevent you from wasting any unused medication. 9. Use Over-the-Counter Medicines: Certain common ailments can be treated with over-the-counter medicines rather than prescribed ones. Consult with your doctor before making any changes to your medication but consider using over-the-counter medicines when possible to save money. 10. Take Care of Your Health: Prevention is always better and cheaper than cure. Take care of your health by eating a balanced diet, exercising regularly, getting enough sleep, and practicing good hygiene. This can reduce your chances of falling ill and needing costly medications. In conclusion, with a little research and planning, it is possible to save money on medicine purchases without compromising your health. Always consult with your doctor before making any changes to your medication, and be on the lookout for discounts and promotions. Implement these tips, and you will see a noticeable difference in your medical expenses. Remember, a healthier and wealthier you is the ultimate goal! Visit the site - https://cheappharmacy.site
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  • 10 Secrets to Finding the Best Medical Billing Company
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  • Anesthesia Billing involves diversified pain points which needs expert solutions. Get relieved from Medical Billing Pains with MGSI's Anesthesia Expertise! https://www.mgsionline.com/anesthesia-billing.html
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  • Texas AG sues Pfizer for allegedly selling medicine it knew was ineffective, manipulated quality-test results
    Pfizer and Tris manipulated quality-test results from 2012 to 2018 to obtain the Medicaid reimbursement for Quillivant, AG Ken Paxton claims

    Lawrence Richard
    November 21, 2023 8:06am EST
    ‘Pandemia’ author Alex Berenson shares how he is suing the Biden administration and Pfizer for their alleged role in his ban from Twitter during the pandemic on ‘The Bottom Line.’ video
    Texas Attorney General Ken Paxton has sued Pfizer and its drug manufacturer for allegedly providing medicine it knew to be ineffective.

    In a lawsuit unsealed Monday, Paxton sued Pfizer, Inc., Tris Pharma, Inc. and Tris CEO Ketan Mehta, accusing both companies of defrauding the state to get children's ADHD medicine Quillivant XR added to the state’s list of preferred drugs under the Medicaid insurance program for low-income people. The drug previously failed to meet quality standards, he said.

    According to Paxton, Pfizer and Tris "continually" manipulated quality-test results from 2012 to 2018 to obtain the benefit of taxpayer-funded Medicaid reimbursement for Quillivant.

    "For years, Tris altered the drug’s testing method in violation of federal and state laws to ensure Quillivant passed regulatory hurdles and could continue to be sold. Despite knowing about these serious problems, Pfizer misrepresented to the Medicaid program that Quillivant was in compliance with federal and state law," he claimed.

    "I am horrified by the dishonesty we uncovered in this investigation," said Paxton. "Pfizer and Tris intentionally concealed and failed to disclose the issues with Quillivant to receive taxpayer-funded benefits through Texas Medicaid, defrauding the state and endangering children. Our Civil Medicaid Fraud Division has done an outstanding job holding these pharmaceutical companies accountable."

    TEXAS GOV. GREG ABBOTT WARNS CHINA'S GROWING INFLUENCE IS 'QUITE ALARMING'

    Hand holding pills, Pfizer logo
    In this photo illustration a Pfizer logo is seen on a screen and a hand holding pills. (Rafael Henrique/SOPA Images/LightRocket via Getty Images / Getty Images)
    Paxton alleged Pfizer knowingly distributed Quillivant to children despite it failing quality control tests and its flawed manufacturing practices.

    "At no point did Defendants warn Texas Medicaid providers or decision-makers that Quillivant had known manufacturing issues affecting its efficacy, thereby depriving the Medicaid program of the crucial information it relies on.… As a result, thousands of Texas children received an adulterated Schedule II Controlled Dangerous Substance," the filing explained.

    Pfizer logo, stocks
    The Pfizer company logo is displayed on a screen at the New York Stock Exchange during afternoon trading on Nov. 3, 2023 in New York City. (Michael M. Santiago/Getty Images / Getty Images)
    The Texas attorney general also said many Texas families complained that Quillivant was not effective.

    PFIZER SAYS IT'S EYEING A $110 TO $130 LIST PRICE FOR COVID-19 VACCINE IN U.S.

    The U.S. Food and Drug Administration previously warned Tris of manufacturing lapses in 2017, according to the filing. The complaint notes, however, "While these events are not necessarily connected, regulatory [agencies] must have confidence that they are not."

    The lawsuit stems from a whistleblower complaint by Tarik Ahmed, who worked as Tris' head of technology from 2013 to 2017, Reuters reported.

    Ken Paxton
    Texas Attorney General Ken Paxton unsealed the lawsuit on Monday, Nov. 20, 2023. (Emil Lippe for The Washington Post via Getty Images / Getty Images)
    Nextwave Pharmaceuticals developed Quillivant XR. The company was acquired by Pfizer in 2012.

    GET FOX BUSINESS ON THE GO BY CLICKING HERE

    The state of Texas is seeking monetary payments equal to any monetary or in-kind benefits Pfizer and Tris received due to the alleged violations as well as other civil penalties.

    Reuters contributed to this report.

    https://www.foxbusiness.com/politics/texas-ag-sues-pfizer-allegedly-selling-medicine-knew-ineffective-manipulated-quality-test-results
    Texas AG sues Pfizer for allegedly selling medicine it knew was ineffective, manipulated quality-test results Pfizer and Tris manipulated quality-test results from 2012 to 2018 to obtain the Medicaid reimbursement for Quillivant, AG Ken Paxton claims Lawrence Richard November 21, 2023 8:06am EST ‘Pandemia’ author Alex Berenson shares how he is suing the Biden administration and Pfizer for their alleged role in his ban from Twitter during the pandemic on ‘The Bottom Line.’ video Texas Attorney General Ken Paxton has sued Pfizer and its drug manufacturer for allegedly providing medicine it knew to be ineffective. In a lawsuit unsealed Monday, Paxton sued Pfizer, Inc., Tris Pharma, Inc. and Tris CEO Ketan Mehta, accusing both companies of defrauding the state to get children's ADHD medicine Quillivant XR added to the state’s list of preferred drugs under the Medicaid insurance program for low-income people. The drug previously failed to meet quality standards, he said. According to Paxton, Pfizer and Tris "continually" manipulated quality-test results from 2012 to 2018 to obtain the benefit of taxpayer-funded Medicaid reimbursement for Quillivant. "For years, Tris altered the drug’s testing method in violation of federal and state laws to ensure Quillivant passed regulatory hurdles and could continue to be sold. Despite knowing about these serious problems, Pfizer misrepresented to the Medicaid program that Quillivant was in compliance with federal and state law," he claimed. "I am horrified by the dishonesty we uncovered in this investigation," said Paxton. "Pfizer and Tris intentionally concealed and failed to disclose the issues with Quillivant to receive taxpayer-funded benefits through Texas Medicaid, defrauding the state and endangering children. Our Civil Medicaid Fraud Division has done an outstanding job holding these pharmaceutical companies accountable." TEXAS GOV. GREG ABBOTT WARNS CHINA'S GROWING INFLUENCE IS 'QUITE ALARMING' Hand holding pills, Pfizer logo In this photo illustration a Pfizer logo is seen on a screen and a hand holding pills. (Rafael Henrique/SOPA Images/LightRocket via Getty Images / Getty Images) Paxton alleged Pfizer knowingly distributed Quillivant to children despite it failing quality control tests and its flawed manufacturing practices. "At no point did Defendants warn Texas Medicaid providers or decision-makers that Quillivant had known manufacturing issues affecting its efficacy, thereby depriving the Medicaid program of the crucial information it relies on.… As a result, thousands of Texas children received an adulterated Schedule II Controlled Dangerous Substance," the filing explained. Pfizer logo, stocks The Pfizer company logo is displayed on a screen at the New York Stock Exchange during afternoon trading on Nov. 3, 2023 in New York City. (Michael M. Santiago/Getty Images / Getty Images) The Texas attorney general also said many Texas families complained that Quillivant was not effective. PFIZER SAYS IT'S EYEING A $110 TO $130 LIST PRICE FOR COVID-19 VACCINE IN U.S. The U.S. Food and Drug Administration previously warned Tris of manufacturing lapses in 2017, according to the filing. The complaint notes, however, "While these events are not necessarily connected, regulatory [agencies] must have confidence that they are not." The lawsuit stems from a whistleblower complaint by Tarik Ahmed, who worked as Tris' head of technology from 2013 to 2017, Reuters reported. Ken Paxton Texas Attorney General Ken Paxton unsealed the lawsuit on Monday, Nov. 20, 2023. (Emil Lippe for The Washington Post via Getty Images / Getty Images) Nextwave Pharmaceuticals developed Quillivant XR. The company was acquired by Pfizer in 2012. GET FOX BUSINESS ON THE GO BY CLICKING HERE The state of Texas is seeking monetary payments equal to any monetary or in-kind benefits Pfizer and Tris received due to the alleged violations as well as other civil penalties. Reuters contributed to this report. https://www.foxbusiness.com/politics/texas-ag-sues-pfizer-allegedly-selling-medicine-knew-ineffective-manipulated-quality-test-results
    WWW.FOXBUSINESS.COM
    Texas AG sues Pfizer for allegedly selling medicine it knew was ineffective, manipulated quality-test results
    Texas Attorney General Ken Paxton has sued Pfizer for allegedly selling medicine it knew to be ineffective and manipulating quality-test results.
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  • Prevent Claim denials and Increase Reimbursement with MGSI's Insurance Eligibility Verification Services!
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  • Partner with MGSI and know how Medical Billing Companies can make a difference to your current set up and Improve ROI- Top Medical Billing Company in Tampa FL - MGSI
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