Bluefield Daily Telegraph, Bluefield, WV

Virginia State News

October 18, 2013

Va to get $37M in Medicaid fraud settlement

RICHMOND, Va. — Virginia is receiving $37 million as part of a settlement with one of the largest pharmaceutical wholesalers.

Attorney General Ken Cuccinelli announced the agreement with McKesson Corp. on Friday.

Cuccinelli’s office alleged that McKesson violated the Virginia Fraud Against Taxpayers Act by conspiring to inflate prices for more than 400 brand-named prescription drugs. That caused Virginia’s Medicaid program to overpay for those drugs based on published price information.

The settlement will return more than $30 million to Virginia’s General Fund Health Care account for both damages and penalties. The remaining amount is for other costs and fees.

Virginia had refused to join a previous settlement with McKesson and 29 states that shared $151 million. Cuccinelli said that’s because it didn’t cover the total loss to the state’s Medicaid program.

 

1
Text Only
Virginia State News
West Virginia State News
AP Video
Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA Two Women Narrowly Avoid Being Hit by Train Crayola Announces Family Attraction in Orlando
Sister Newspapers' News