Published on:

Inflated costs of Medical Devices Results in 75 Million Dollar Settlement

A large legal settlement has resulted due to negligent overpricing that came from the company Kyphon Inc. The company engaged in fraudulent medical device sales by inflating the prices of equipment used in back surgery. Patients who underwent back surgery known as kyphoplasty as a result were paying higher prices for the surgery. Negligent doctors and negligent hospitals were keeping patients overnight to increase the costs of the medical procedures. As a result Medicare costs increased and the large legal medical settlement has placed 75 million dollars in the hands of the federal government to settle the legal case. To read more on this story click here.