Monday, October 1, 2007
Kickbacks in Orthopedic Medicine
To settle criminal and civil probes into kickbacks four makers of orthopedic devices have agreed to pay $311 million. A fifth company voluntarily cooperated with the Justice Department investigation in exchange for not being prosecuted. The companies represent nearly all of the huge market for replacement knees and hips. The kickbacks were paid directly to surgeons to use their products.