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ABII » Topics » Healthcare Laws

This excerpt taken from the ABII 10-K filed Mar 31, 2008.

Healthcare Laws

As a pharmaceutical manufacturer, the Company is part of a unique industry. The purchaser of the Company’s products is often not the individual or entity recommending, prescribing or using them. The purchaser (or reimburser of medicines) may be the government or a healthcare insurance company, while the decision-maker will be the doctor, the healthcare institution or organization, a pharmacist or even the patient. Because of this, the pharmaceutical industry is subject to a host of rules and regulations designed to protect the public. The Company is committed to full healthcare law compliance globally.

In the United States, healthcare law compliance seeks to, among other things:

 

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reduce fraud and abuse in federal healthcare programs (Medicare and Medicaid);

 

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eliminate the improper influence of financial incentives on medical judgment;

 

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protect patients and improve the quality of healthcare services;

 

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reduce the cost of healthcare; and

 

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ensure the proper use of taxpayer money.

Employees must comply with all laws relating to the conduct of business in the pharmaceutical industry.

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