- The Department of Health & Human Services is investigating the use of anti-psychotic drugs to treat Medicaid recipients aged 17 and under amid concern that the medicines are being over-prescribed. HHS wants to tighten oversight across the nation.
- The probe focuses on the five largest Medicaid states: California, Florida, Illinois, New York and Texas, and covers a period from January-June 2011, when 84,654 children received treatment. Other than that, the most recent data seems to date back to 2008.
- Medicaid spends billions of dollars a year on the drugs, which include those made by AstraZeneca (AZN), Eli Lilly (LLY) and Johnson & Johnson (JNJ), as well as by Otsuka Holdings (OTSKF.OB), the provider of Abilify, the top prescription drug by revenues in the U.S.
Government reviews use of anti-psychotic treatments on children
Aug 12 2013, 04:03 ET