CVS Caremark Settles Medication-Switching Lawsuit

March 19th, 2008

The suit, brought by a whisle-blowing pharmacist, alleged that CVS improperly switched Medicaid customers to a more-expensive form of a drug in order to receive a higher level of reimbusement from the government program, which provides health care to low income Americans.  CVS said the $36.7 million settlement would not affect its 2008 earnings.  It will, however, provide a $4.3 million windfall to Bernard Lisitza, the pharmacist who first brought the suit.  The Wall Street Journal  (Mar. 19, 2008)  Paid subscription may be required.

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