Centene Agrees to $215 Million Settlement With California for Alleged Medicaid Overbilling ...Middle East

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Centene Corp. has agreed to pay more than $215 million to California over allegations it overcharged the state for pharmacy services — the biggest payout to date by the nation’s largest Medicaid insurer over its drug pricing practices. The agreement announced Wednesday makes California at least the 17th state to settle pharmacy billing claims totaling $939 million with the St. Louis-based insurance giant. Centene reported $144.5 billion in revenue in 2022, up 15% from the previous year. Investigators with the state Department of Justice found that Centene’s subsidiaries reported inflated drug costs and fees in providing prescription drugs to patients in Medi-Cal, the state’s

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Last updated : 09 February 2023 clock 03:04 AM

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Centene Agrees to $215 Million Settlement With California for Alleged Medicaid Overbilling ...Middle East

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