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CVS Caremark Agrees to Settle Multi-State Medicaid Fraud Claims for $37 Million
CVS Caremark Corp. agreed to pay almost $37 million to nearly two dozen states and the federal government to settle claims that the nation's largest pharmacy chain billed Medicaid programs for a more expensive formulation of an antacid, authorities said Tuesday. The settlement in the case -- the first of its kind for a retail pharmacy company -- came after a lengthy investigation that began in 2001, when a suburban Chicago pharmacist alerted authorities.