October 23, 2006
Medco Health Solutions, a pharmacy benefit management company, has agreed to pay the United States $155 million plus interest to settle allegations that it defrauded federal health plans. The suit alleged that Medco 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.
US Newswire posted an October 23, 2006 press release.