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Home > Medicare may have paid $4.2M to penis pump fraud scheme | MassDevice.com On Call

Medicare may have paid $4.2M to penis pump fraud scheme | MassDevice.com On Call

Mass Device

A Medicare fraud scheme involving Pos-T-Vac penis pumps may have fleeced as much as $4.2 million from the federal healthcare program.

MassDevice On Call

MASSDEVICE ON CALL — A Kansas-based company may have racked up more than $4 million in inappropriate payments related to Pos-T-Vac penis pump devices, a federal audit reported.

The Dept. of Health & Human Services reviewed 100 Pos-T-Vac Medicare claims, finding that more than half contained issues that amounted to more than $18,000 in improper payments.

Extrapolated to the total number of claims, that could add at up to nearly $4.2 million for the devices, which are known as "male vacuum erection systems," the Washington Times [1] reported.

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A survey of medical device makers found that many wouldn't invest in their invest in their own industry, thanks to the unpredictability created by the FDA.  
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[2] Feds have no proof that Castro ran a Medicare fraud scheme [4]
Federal prosecutors say there is no evidence that the millions of dollars of Medicare money funneled into Cuba were headed to Fidel Castro's coffers.  
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Source URL (retrieved on 05/21/2013 - 1:13am): http://www.mdtmag.com/news/2012/06/medicare-may-have-paid-42m-penis-pump-fraud-scheme-massdevicecom-call?qt-most_popular=0

Links:
[1] http://www.washingtontimes.com/news/2012/jun/19/kan-company-suspected-42m-medicare-fraud-penis-pum/
[2] http://www.massdevice.com/
[3] http://www.startribune.com/business/159515085.html
[4] http://www.mcclatchydc.com/2012/06/19/153050/us-prosecutors-probe-whether-castro.html