I will have to get a story link, but it appears a pharmacy whistle-blower alerted authorities to the overbilling.
www.ktvu.com
www.ktvu.com
CVS Pharmacy to pay 17.5 million for Medicare fraud
HigherLove- Posts : 2357
Join date : 2011-01-27
Age : 58
HigherLove- Posts : 2357
Join date : 2011-01-27
Age : 58
- Post n°2
Re: CVS Pharmacy to pay 17.5 million for Medicare fraud
HigherLove Fri Apr 15, 2011 7:38 pm
This says a bit more money --
http://blog.cleveland.com/metro/2008/03/cvs_caremark_to_settle_medicai.html
Pharmacy chain CVS Caremark Corp. has agreed to pay almost $37 million to the federal government, 23 states and the District of Columbia to settle claims it billed Medicaid programs for a more expensive formulation of an antacid.
Ohio is among the state covered by the settlement announced Tuesday.
The investigation began more than five years ago after a suburban Chicago pharmacist alerted authorities.
Attorneys say Rhode Island-based CVS gave Medicaid patients Ranitidine capsules instead of less expensive tablets. The drug is a generic version of the heartburn medication Zantac.
Authorities say the switch is illegal and allowed the company to charge state Medicaid programs more and reap a bigger profit. Lawyers say CVS admits no wrongdoing.
http://blog.cleveland.com/metro/2008/03/cvs_caremark_to_settle_medicai.html
Pharmacy chain CVS Caremark Corp. has agreed to pay almost $37 million to the federal government, 23 states and the District of Columbia to settle claims it billed Medicaid programs for a more expensive formulation of an antacid.
Ohio is among the state covered by the settlement announced Tuesday.
The investigation began more than five years ago after a suburban Chicago pharmacist alerted authorities.
Attorneys say Rhode Island-based CVS gave Medicaid patients Ranitidine capsules instead of less expensive tablets. The drug is a generic version of the heartburn medication Zantac.
Authorities say the switch is illegal and allowed the company to charge state Medicaid programs more and reap a bigger profit. Lawyers say CVS admits no wrongdoing.