NC announces settlement for Medicaid drug fraud

Charlotte Observer

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.

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