Medco to settle charges by 20 states they drugs.
Medco Health Solutions Inc., the nation’s largest pharmacy benefits Manager, he said, has agreed to pay $ 29.3 million to settle allegations of lawyers in general of 20 states that joined often patients medication, but failed to savings for consumers or health plans.
Medco, which administers the medication including benefits for 62 million Americans, he told another “virtually identical” agreement with the Department of Justice on business practices, but non-monetary damages in a complaint Confederation of the U.S. Attorney in Philadelphia in September.
“With similar cases underway against almost all other major PBMs, we hope that it allows for Medco to the first of this particular problem in the past,” said David Snow, Medco Chief Executive Officer, in a conference call with investors.
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