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Walgreens pays $269.2 million to settle U.S. civil fraud lawsuits
Source: Reuters
BUSINESS NEWS JANUARY 22, 2019 / 5:04 PM / UPDATED 2 HOURS AGO
Walgreens pays $269.2 million to settle U.S. civil fraud lawsuits
Jonathan Stempel
3 MIN READ
NEW YORK (Reuters) - Walgreens Boots Alliance Inc (WBA.O) will pay $269.2 million to settle two whistleblower lawsuits accusing it of civil fraud for overbilling federal healthcare programs over a decade, the U.S. Department of Justice said on Tuesday.
The pharmacy chain will pay $209.2 million to resolve claims it improperly billed Medicare, Medicaid and other federal programs from 2006 to 2017 for hundreds of thousands of insulin pens it dispensed to patients it knew did not need them.
Walgreens will also pay $60 million to resolve claims it overcharged Medicaid from 2008 to 2017 by failing to disclose and charge the discount drug prices it offered the public through its Prescription Savings Club program.
The Deerfield, Illinois-based company said it “admits, acknowledges, and accepts responsibility” for conduct alleged by the federal government, according to the settlement agreements.
-snip-
Walgreens pays $269.2 million to settle U.S. civil fraud lawsuits
Jonathan Stempel
3 MIN READ
NEW YORK (Reuters) - Walgreens Boots Alliance Inc (WBA.O) will pay $269.2 million to settle two whistleblower lawsuits accusing it of civil fraud for overbilling federal healthcare programs over a decade, the U.S. Department of Justice said on Tuesday.
The pharmacy chain will pay $209.2 million to resolve claims it improperly billed Medicare, Medicaid and other federal programs from 2006 to 2017 for hundreds of thousands of insulin pens it dispensed to patients it knew did not need them.
Walgreens will also pay $60 million to resolve claims it overcharged Medicaid from 2008 to 2017 by failing to disclose and charge the discount drug prices it offered the public through its Prescription Savings Club program.
The Deerfield, Illinois-based company said it “admits, acknowledges, and accepts responsibility” for conduct alleged by the federal government, according to the settlement agreements.
-snip-
Read more: https://www.reuters.com/article/us-walgreens-boots-settlement/walgreens-pays-269-2-million-to-settle-u-s-civil-fraud-lawsuits-idUSKCN1PG2PF
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