Multimillion Dollar Medicaid Recovery Follows Schneiderman’s Initiative to Strengthen Medicaid Fraud Control Unit & Protect Taxpayers NEW YORK – Attorney General Eric T. Schneiderman today announced a multimillion dollar settlement with a pharmaceutical company that inflated the cost of drugs sold to state health programs. The company, Pharmacia Corporation, has paid $2.5 million to the New York Medicaid program and to the Elderly Pharmaceutical Insurance Coverage Program (EPIC), and also to cover the costs of the investigation. The settlement follows Attorney General Schneiderman’s new initiatives to bolster his office’s Medicaid Fraud Control Unit (MFCU) and create a Taxpayer Protection Unit to increase fraud recoveries during a period of fiscal crisis. “New York’s taxpayers will no longer foot the bill when contractors inflate their prices to make an extra buck,” Attorney General Schneiderman said. “These are hard financial times for our state, and my office will do its part...