The government is paying millions for risky medications that have never been reviewed for safety and effectiveness but are still covered under Medicaid, an Associated Press analysis of federal data has found. Millions of private patients are taking them as well, and their availability may create a false sense of security.
FDA's unapproved drugs page: http://tinyurl.com/4tv2sb

Government Pays for Risky, Unapproved Drugs (by Ricardo Alonso-Zaldivar and Frank Bass, Associated Press)