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PolyMedica to pay government $35 million in fraud settlement

PolyMedica Corp., a medical supply company, has reached a tentative $35 million settlement with the federal government over alleged Medicare fraud. The company was alleged to have shipped diabetes test strips to people who did not order them and did not reimburse Medicare for returned packages.

The Associated Press story appeared in the November 3, 2004 issue of the Seattle Post-Intelligencer.

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