Hazard a Guess at the Settlement Amount

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anonymous said:
No trial for the 6 execs arrested? They're gunna pay it off? Damn
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The company fine has nothing to do with the individuals already arrested. The 6 (and others) will face a jury for their crimes. And most agree they will be punished, and made an example of by their illegal actions and contribution to the horrific opioid epidemic. The PA unit was the single biggest reason Subsys ended up in hands of so many patients. If that unit never existed, or if they used the unit properly and got insurance coverage only for patients who truly qualified, Insys would never have made the hundreds of millions it did. This is one of the first cases of its kind whereby both the company will be punished (huge fine), and the corporate execs (restitution and jail time). There is no denying the DOJ wants to make an example out of this case and send a very strong message that the consequences will be harsh and more than monetary fines of the past.
 
anonymous said:
You make some reasonable assumptions and ask equally relevant questions. I would say the alleged insurance fraud ran well beyond 2015. While revenue peaked in the 4th quarter of 2015, I would figure at least half ($120 million) of 2016 revenue will be "fair game" I agree that the Feds will likely confine their recovery of insurance fraud to government programs. I suspect the percentages of government insured scripts is significantly more than 50 %. When you examine the prescribers data, it's pretty clear that much of this drug was funneled through a relatively small group, of very well compensated high prescribers,via a very narrow distribution channel. My guess, about 60-65 % It was an easy, no hassle market.

How they calculate the fines (likely some multiple of the total amount of illegal profits including insurance fraud and any irregularities in the patient testing labs and drug distribution channels) is really unknowable. I would simply say this. We are in the middle of a true opioid addiction crisis. More lives will be lost to opioid overdoses than gun violence or motor vehicle accidents in 2017 if current rates prevail.

Given this environment, what incentive does the government have to spare Insys. It's a small, company, alleged to have unleashed unspeakable harm, with a dangerous "me too" product (fentanyl) now about to launch a second drug (marijuana). I think we could get along just fine without them.
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Govt insured scripts at Insys has never exceeded 34%.
 
anonymous said:
Govt insured scripts at Insys has never exceeded 34%.
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You are wrong.

"Medicare spending on Subsys tripled to roughly $97 million in 2014 from 2013, and soared an additional 76% to $171.3 million last year, according to previously unpublished data provided to the Journal by the Office of Inspector General for the Department of Health and Human Services."

Medicare portion of total sales:
2012: 20%
2013: 32%
2014: 44%
2015: 52%
2016: unknown but fancy a guess?

Source: https://www.wsj.com/articles/fentan...l-mounts-from-prescription-opioids-1479830968
 
anonymous said:
You are wrong.

"Medicare spending on Subsys tripled to roughly $97 million in 2014 from 2013, and soared an additional 76% to $171.3 million last year, according to previously unpublished data provided to the Journal by the Office of Inspector General for the Department of Health and Human Services."

Medicare portion of total sales:
2012: 20%
2013: 32%
2014: 44%
2015: 52%
2016: unknown but fancy a guess?

Source: https://www.wsj.com/articles/fentan...l-mounts-from-prescription-opioids-1479830968
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To whom it may concern: The DOJ plans to execute the harshest restitution based on these numbers. Get ready, it's pay back time!
 
anonymous said:
The DOJ and DEA are bumbling idiots stooges in any Pharma based investigation. They couldn't find a turd in a toilet and NOBODYS going to jail EVER. Get it ?
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What planet do you live on??????? It's BAD (you seem to like caps), really, really BAD news for the corrupt Insys folks involved in all the fraudulent scams... from fake speaker programs to the illegal Reimbursement unit. Get a grip little soldier.
 
anonymous said:
The DOJ and DEA are bumbling idiots stooges in any Pharma based investigation. They couldn't find a turd in a toilet and NOBODYS going to jail EVER. Get it ?
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If you are so confident of the outcome you predict, why aren't you out "killing it" in your new high level sales position? Or are you having a problem "Getting it"? Just wondering........
 
anonymous said:
You wanted the money. But more than anything, you wanted respect. Now you have neither.

KARMA
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This post sums up the sad state of affairs that many former Insys execs now find themselves in. They let their scumbag boss lead them by the nose ring to commit illegal and immoral acts of disregard for human life...........Yes you could have walked away, but you didn't and we are left desperately trying to understand. How, why, WTF were you thinking???!?! How did you allow yourself to get into this devastating, non recoverable mess?
 


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