Monday, August 29, 2005
Caremark Faces Growing Number of Qui Tam Suits
A Medicaid fraud investigation targeting Caremark, one of the nation’s largest pharmacy benefit managers, could soon cause more pain, according to a story today in TheStreet.com.
Already, at least five states have joined with the federal government in an effort to recover money from Caremark that they feel belongs to the Medicaid program. But laws could permit as many as 10 more states, along with the District of Columbia, to demand similar repayments, along with substantial penalties. Total damages could exceed $500 million, according to a newly expanded whistleblower lawsuit filed just over a week ago.
Caremark denies wrongdoing, but the allegations themselves seem to be taking a toll: This month alone, press reports show, county officials in at least two states have questioned whether they should be conducting business with a company suspected of engaging in Medicaid fraud. For the full story, click here.
Posted by Quitam Help Admin on 08/29 at 09:15 AM
Page 1 of 1 pages
Printer Friendly Page