Medicaid

Mckesson to Pay New York $64 Million in Medicaid Fraud Settlement

The company will pay restitution to the state as part of a $151 million multi-state settlement regarding over-billing accusations.

Attorney General Eric T. Schneiderman today announced that the drug distribution company McKesson Corporation will pay $64 million in restitution to New York for over-billing the state's Medicaid program as part of a $151 million multi-state settlement. The settlement resolves charges that McKesson violated the New York State False Claims Act and the Federal False Claims Act, after the corporation reported inflated pricing information for over 1,400 brand name prescription medications, causing the state's Medicaid program to overpay for those drugs.

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