Many people are making an ungodly profit by selling diabetic test strips for cash. The signs that advertise the sale of diabetic test strips can be seen in several states, and they are a potential indicator of nefarious activity. The sign for a seller of test strips in Western Massachusetts caught the attention of 22News, which posed as the seller. The test strip buyer offered $40 for a box that usually costs $80. The courier who met the camera crew and made the purchase refused to answer questions.<\/p>\n\n\n\n
The manufacturers of diabetic test strips are also involved in the practice of fraudulent billing. In California, a new law is in effect that prevents pharmacies from purchasing test strips from anyone other than authorized distributors. But the manufacturer is also pushing for gray market measures, which leave in place gray market prices that benefit the manufacturers and pharmacy, benefit managers. This has become a problem, but it is not a new problem.<\/p>\n\n\n\n
This case stems from a large pharmaceutical company named Roche. Roche manufactures diabetic test strips. The company also partnered with a pharmacy network called Priority Care. Priority Care purportedly billed insurance companies for hundreds of thousands of diabetic test strips, when it delivered only a fraction of what they reported. The lawsuit was settled out of court and the companies agreed to pay the fines. The settlement, which is the result of a lengthy investigation, will likely end in a big payout for the companies involved.<\/p>\n\n\n\n
The strips are a huge industry. The industry is worth nearly a billion dollars worldwide. According to one study, four manufacturers control over half of all sales. The name-brand strips command a high price in retail pharmacies. The sticker price is the result of negotiations between the manufacturer and insurer. The manufacturer sets a high list price in order to become the preferred supplier for the insurer. Using a middleman's name as a source, they can sell the strips at a much higher price.<\/p>\n\n\n\n
In addition to the large fine, the sale of diabetic test strips can also be illegal and could be a civil liability for the seller. This practice is illegal and requires an appropriate investigation. Abbott and other healthcare organizations are investigating fraudulent billing of diabetic test strips. Its investigation of H&H reveals that the company has sold a wide variety of counterfeit diabetic test strips to consumers. These companies often disguise their illegal activity by removing the manufacturer's disclaimer.<\/p>\n","protected":false},"excerpt":{"rendered":"
There are a number of questions to ask before deciding to buy and sell diabetic test strips. For example, what is the legality of selling them? Should you accept a top dollar for your test strips? Are there companies that pay top dollar for theirs? And should you beware of fraudulent billing? Read on to […]<\/p>\n","protected":false},"author":2,"featured_media":1614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[89,91,90],"_links":{"self":[{"href":"https:\/\/survivingdiabetes.com\/wp-json\/wp\/v2\/posts\/1612"}],"collection":[{"href":"https:\/\/survivingdiabetes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/survivingdiabetes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/survivingdiabetes.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/survivingdiabetes.com\/wp-json\/wp\/v2\/comments?post=1612"}],"version-history":[{"count":1,"href":"https:\/\/survivingdiabetes.com\/wp-json\/wp\/v2\/posts\/1612\/revisions"}],"predecessor-version":[{"id":1619,"href":"https:\/\/survivingdiabetes.com\/wp-json\/wp\/v2\/posts\/1612\/revisions\/1619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/survivingdiabetes.com\/wp-json\/wp\/v2\/media\/1614"}],"wp:attachment":[{"href":"https:\/\/survivingdiabetes.com\/wp-json\/wp\/v2\/media?parent=1612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/survivingdiabetes.com\/wp-json\/wp\/v2\/categories?post=1612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/survivingdiabetes.com\/wp-json\/wp\/v2\/tags?post=1612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}