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This site provides news and information about the False Claims Act qui tam whistleblower law, the Tax Whistleblower law and the Securities and Commodities Whistleblower law. On this site you can learn the basics of each law and the process of bringing a case as well as read about the latest developments.

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Tuesday, May 09, 2006

Medco settles False Claims Action with $163 Million Payment

Medco Health Solutions, the pharmacy benefit manager, has reached a $163 million settlement with the U.S. Justice Department that will end the government’s prosecution over alleged mail fraud. In a story that first appeared in the Wall Street Journal yesterday, the non-financial terms of the settlement have not yet been finalized.

The suit was based on mail-order prescriptions sent to members of the Federal Employees Health Benefits Program, in which two former company employees alleged that Medco “canceled prescriptions, switched prescriptions without physician consent, did not fill prescriptions completely and failed to inform physicians about adverse medication interactions,” the WSJ said.

Click the following link to read the UPI story on the Medco false claims suit settlement.

Posted by Quitam Help Admin on 05/09 at 04:21 AM
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