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GlaxoSmithKline Agrees to Record-Breaking Health Care Fraud Settlement

The Justice Department has announced that the pharmaceutical behemoth GlaxoSmithKline has agreed to plead guilty to two criminal charges and pay $3 billion in the largest ever U.S. health care fraud settlement.  One billion dollars of the fine resolve charges of promoting two popular drugs for unapproved uses and failing to divulge significant safety information about a third.  The other $2 billion the corporation will pay stems from civil suits with the government over improper marketing, including providing doctors with millions of dollars in vacations, dinners, concert tickets, and other gifts.  Additionally, to prove their compliance with the settlement’s terms and guidelines, the corporation has agreed to be monitored by government officials for five years.

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