LBX(SH:603883) Jing Ji Guan Cha Wang·2025-12-26 05:56Core Viewpoint - The Loudi Medical Security Bureau has issued an administrative penalty against Laobaixing Pharmacy Chain Co., Ltd. for illegal activities related to purchasing medications under false identities, resulting in a loss to the medical insurance fund [1][2]. Group 1: Administrative Penalty Details - The penalty decision indicates that the pharmacy was found to have committed illegal activities involving false identity purchases during a flying inspection conducted from July 19 to July 20, 2025, covering the period from January 1, 2023, to June 30, 2025 [1][2]. - The total loss to the medical insurance fund due to these activities was determined to be RMB 1,472.82 [2][5]. - The pharmacy is required to return the lost medical insurance fund and pay a fine of RMB 2,945.64, which is double the amount lost, and is also ordered to suspend its special outpatient medical insurance fund settlement business for six months [2][5]. Group 2: Broader Context and Related Cases - The fraudulent activities at the Loundi pharmacy are not isolated incidents, as similar cases have been reported at other Laobaixing Pharmacy locations in Loundi [2][5]. - A report from the National Medical Insurance Administration on November 14 revealed that Laobaixing Pharmacy in Loundi was involved in cases of swapping health products for reimbursable medications and illegally using medical insurance funds [2][6]. - In a separate incident in June 2025, it was reported that several Laobaixing Pharmacy locations exchanged health products for reimbursable medications without verifying the identity of customers, leading to further investigations and penalties [6].