Caremark Settles Prescription Swap Claims For $14M

Law360, New York (February 14, 2008, 12:00 AM EST) -- Caremark Rx LLC has reached a settlement with 28 states and the District of Columbia, under which the pharmacy benefit management company agreed to pay $41 million to put to rest claims of deceptive business practices.

In an announcement about the settlement Thursday, Florida Attorney General Bill McCollum said the agreement resolved allegations that Caremark encouraged doctors to switch patients to different brand name prescriptions. The company falsely claimed switching medications would save consumers money, McCollum said.

$2.5 million of the $41 million settlement will be...
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