Fines.. Fines.. and more Fines for CVS

CVS Caremark to Pay $4.25 Million in Medicaid-Claim Settlement, DOJ Says

http://online.wsj.com/article/BT-CO-20131202-710676.html?dsk=y

from the article:

CVS Caremark Corp. (CVS) will pay $4.25 million to settle allegations that it knowingly did not reimburse Medicaid for prescription drug costs that were paid on behalf of beneficiaries, the U.S. Justice Department said Monday.

AND OF COURSE …

The lawsuit originated in 1999, CVS Caremark said. Pursuant to the settlement agreement, CVS said it “expressly denied engaging in any wrongful conduct and has settled the matter to avoid the expense and uncertainty of protracted litigation.”

One Response

  1. boo hoo…..this is less than a nickel to CVS

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