RALEIGH, N.C. –The state says it has settled for $14.8 million with a drug maker over allegations the company made the North Carolina Medicaid program pay too much for drugs.
State Attorney General Roy Cooper said Tuesday that Bristol-Myers Squibb’s payment comes in agreements with other states, the District of Columbia and the federal government.
Bristol-Myers Squibb said the payouts are part of an overall $515 million settlement announced in September. The company was accused of illegal marketing and pricing of prescription drugs.
Medicaid is a health insurance program for the poor that is financed by state and federal governments.
Cooper said $2.9 million of the settlement will go to the state Medicaid program, $2.7 million to public schools and the rest to reimburse state costs.