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Oak Street Health, Medicare Advantage
CVS' Oak Street Health will pay $60 million to settle federal kickback allegations
The Anti-Kickback Statute prohibits anyone from offering or paying, directly or indirectly, money or anything else of value to induce referrals of patients or to provide recommendations of items or services covered by Medicare,
CVS unit Oak Street Health in $60M settlement over kickback scheme
CVS Health (NYSE:CVS) subsidiary Oak Street Health has reached a $60M settlement with the Department of Justice to resolve allegations that it paid third-party insurance agents kickbacks to steer customers to its clinics.
Oak Street Health Agrees to $60 Million Settlement Over Alleged Medicare Kickback Scheme
Oak Street Health, a Chicago-based primary care provider and subsidiary of CVS Health since 2023, has agreed to pay $60 million to settle allegations that it violated the False Claims Act. The company was accused of paying illegal kickbacks to third-party insurance agents as part of a scheme to recruit seniors for Medicare Advantage plans.
Chicago-based Oak Street Health to pay $60M to settle kickback allegations
Chicago-based Oak Street Health has agreed to pay $60 million to settle allegations that it paid kickbacks to insurance agents in exchange for their help recruiting patients. The U.S. government alleged that from 2020 to 2022,
CVS' Oak Street Health to pay $60M to settle Medicare Advantage kickback allegations
CVS subsidiary Oak Street Health has agreed to pay $60 million to settle accusations that it violated the False Claims Act by offering kickbacks to third-party insurance agents in return for referring older adults to its primary care clinics.
2d
UnitedHealth, CVS Caremark, Express Scripts sued by FTC over skyrocketing insulin prices
The FTC sued UnitedHealth Group’s Optum unit, CVS Caremark and Cigna’s Express Scripts for allegedly steering diabetes ...
1d
US Federal Trade Commission Sues CVS Health, Cigna, UnitedHealth's Pharmacy Benefit Managers For Inflating Insulin Prices
On Friday, the Federal Trade Commission (FTC) filed a formal complaint against three major pharmacy benefit managers ...
3d
on MSN
CVS Health Corp. (CVS): Among the Best Fortune 500 Stocks to Buy Now
We recently compiled a list of the 10 Best Fortune 500 Stocks To Buy Now. In this article, we are going to take a look at ...
1d
FTC sues drug middlemen over manipulating the insulin market
The agency alleges CVS’s Caremark, Cigna’s Express Scripts and UnitedHealth’s Optum Rx accepted money from drugmakers in ...
2d
FTC Sues CVS, Cigna, UnitedHealth Over Rising Insulin Costs (1)
The US Federal Trade Commission sued units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. on Friday, accusing ...
12d
CVS Health: At Least There's A Valuable Lesson (Rating Downgrade)
CVS Health's strategy to pivot into health services failed due to lack of experience and market complexity. See why I ...
11d
Behind the Scenes of CVS Health's Latest Options Trends
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating ...
devdiscourse
1d
Major Updates in Health: Drug Approvals, Legal Battles, and Health Innovations
Recent developments in health include EU approval of Novo's Wegovy for obesity-related heart conditions, the US FDA's nod for ...
Crain's Chicago Business
2d
FTC sues drug middlemen over manipulating insulin prices
The agency alleges CVS’s Caremark, Cigna’s Express Scripts and UnitedHealth’s Optum Rx accepted money from drugmakers in ...
2d
FTC sues drug middlemen over manipulating insulin market
The agency said it filed a complaint in its administrative court alleging that CVS’s Caremark, Cigna’s Express Scripts and ...
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