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Drug Price Dispute Settled
RALEIGH — The nation’s largest drug benefits company and 20 states Monday reached a settlement of $20.2 million over pricing claims. The company, Medco Health Solutions, Inc., switched patients’ drugs so that it could win rebates from drug makers, the N.C. Attorney General’s Office said. The settlement, on behalf of 62 million consumers, resolves charges that Medco violated state unfair trade practice laws by encouraging doctors to switch their patients to different prescription drugs, then failing to pass on the resulting savings to patients or their health care plans. As a pharmaceutical benefits management company, Medco contracts with health plans to process prescription payments for drugs provided to patients enrolled in the plan.
CJ Staff