Pricey Medications at Center of $50 Million Fraud in New Jersey

June 16, 2020, 10:41 PM

The leader of a $50 million scheme to defraud health plans that cover employees of the state of New Jersey pleaded guilty to fraud and money laundering charges Tuesday, the Department of Justice said.

William Hickman admitted that he worked with a compounding pharmacy in Louisiana to submit millions of dollar in false claims to the state programs, the DOJ said in a statement.

Hickman learned that certain insurance plans administered by a particular pharmacy benefits administrator would reimburse thousands of dollars for a one-month supply of some compounded medications, including antifungal and libido creams, the DOJ said.

Compounded medications ...

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