Antitrust
case provides refunds -- but only to people who file a claim.
The Attorney
General's Office is urging eligible Iowans to file claims
for an estimated $1 million in refunds resulting from an antitrust
lawsuit filed by Iowa and other states. Many refund checks
will be considerable - ranging from several hundred dollars
to nearly $2,000 - but people will only receive a refund if
they file a claim. Here are the key details:
Who is
eligible for refunds? Most consumers who bought "Lorazepam"
and "Clorazepate" any time in 1998 or 1999 are eligible.
The two drugs are widely used to treat symptoms of anxiety,
including use by people with Alzheimer's disease, people in
nursing homes, hospice patients, and others. (They are prescribed
about 20 million times a year.)
| How
do I obtain detailed information on eligibility and claims
procedures? |
It is
not difficult to apply. The settlement administrator can provide
answers and claim forms. Call toll-free at 800-899-5806 (877-564-7096
for the hearing impaired.) Go to the web site: www.agsettlement.com,
or send an e-mail to administrator@agsettlement.com.
| When
must I file, & what information will I need? |
Claims
must be filed by September 29. Pharmacies will be able to
help most consumers document their drug purchases for purposes
of filing claims. Pharmacies all over Iowa have been notified
of the settlement and that consumers will be requesting information
about Lorazepam and Clorazepate purchases during 1998 and
1999. The Iowa Pharmacy Association is working to spread the
word, and pharmacists are stepping forward to help their patients.
| How
did the refunds come about? |
The Iowa
Attorney General's Office and other states alleged that Mylan
Laboratories violated antitrust laws with an illegal plan
to drasti-cally increase the prices on the two generic drugs.
The company eliminated competition by cornering the market
on the drugs' active ingredients, and then raised prices by
twenty- or thirty-fold, the states alleged. The nationwide
settlement of the case provides about $72 million for consumer
refunds - an estimated $1 million for Iowans IF they file
claims.
The Attorney
Generals alleged that Mylan's actions were illegal and unconscionable
- all the more so because the drugs are so important and costly
to so many people. The office strongly encourages Iowans to
check on eligibility and apply for the refunds.
For more
information, contact the Attorney General's Consumer Protection
Division, Hoover Building, Des Moines, Iowa 50319. Call 515-281-5926.