Chinese agency says suspects arrested in AstraZeneca insurance fraud probe
Multiple suspects were arrested in connection with an alleged medical insurance fraud scheme organized by AstraZeneca China employees, the country’s National Healthcare Security Administration (NHSA) said on Saturday.
The arrests occurred after an investigation found evidence that staff members tampered with the genetic testing results of tumor patients in an attempt to defraud medical insurance funds, according to the NHSA. AstraZeneca has reported substantial growth in China despite the steep discounts it had to make in order to get on the country’s National Reimbursement Drug List, with revenue in the country increasing by 10% in Q3, amounting to nearly $4.7 billion for the first three quarters of the year.
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