Monday, May 08, 2006

Medco Settlement of Kickback Charges

Medco Health Solutions Inc. looks like it has been able to settle federal allegations regarding kickbacks, soliciting business, and improperly destroying records for $163 million.

The U.S. Attorney's office in Pennsylvania it accused Medco of soliciting kickbacks from pharmaceutical manufacturers, and paying kickbacks to health plans to obtain business.

Source: Reuters and Yahoo!