CVS has agreed to pay the federal and state governments more than $17 million to settle claims that the nationwide retail pharmacy chain overcharged Medicaid, according to a CNN report.
CVS allegedly submitted inflated prescription claims in 10 states — California, Florida, Indiana, Massachusetts, Michigan, New Hampshire, Nevada, Rhode Island, Alabama and Minnesota. The case was originally brought forward by a CVS whistleblower pharmacist in Minnesota.
The federal government will receive approximately $8 million and the 10 states will receive a total of $9.5 million. The whistleblower will receive more than $2.5 million.
While CVS issued no immediate comment, the Justice Department said the retailer agreed to three years of government monitoring as it implements correct billing procedures.
Read the CNN report on CVS' settlement.
Read about other cases of pharmaceutical fraud:
- Bristol-Myers Accused of Kickbacks, Bribing Physicians With Gifts
- Johnson & Johnson Pays $21.4M Criminal Penalty to Resolve Corrupt Practices in Europe, Iraq
CVS allegedly submitted inflated prescription claims in 10 states — California, Florida, Indiana, Massachusetts, Michigan, New Hampshire, Nevada, Rhode Island, Alabama and Minnesota. The case was originally brought forward by a CVS whistleblower pharmacist in Minnesota.
The federal government will receive approximately $8 million and the 10 states will receive a total of $9.5 million. The whistleblower will receive more than $2.5 million.
While CVS issued no immediate comment, the Justice Department said the retailer agreed to three years of government monitoring as it implements correct billing procedures.
Read the CNN report on CVS' settlement.
Read about other cases of pharmaceutical fraud:
- Bristol-Myers Accused of Kickbacks, Bribing Physicians With Gifts
- Johnson & Johnson Pays $21.4M Criminal Penalty to Resolve Corrupt Practices in Europe, Iraq