Medco to Pay U.S. $155 Million to Settle False Claims Act Cases
U.S. Newswire, October, 2006
To: National Desk
Contact: Department of Justice Office of Public Affairs, 202-514- 2007
WASHINGTON, Oct. 23 /U.S. Newswire/ -- Medco Health Solutions has agreed to pay the United States $155 million plus interest to settle allegations that the Parsippany, N.J.-based company submitted false claims to the government, solicited and accepted kickbacks from pharmaceutical manufacturers to favor their drugs, and paid kickbacks to health plans to obtain business, the Justice Department announced today. Medco, the nation's second largest pharmacy benefit management company, manages the prescription drug benefits of over 60 million Americans, including millions of Medicare beneficiaries.
The United States intervened in two qui tam or whistleblower cases filed by George...
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