CVS to pay $37.8 million to settle claims over insulin pens [Yahoo! Finance Canada]
CVS Health Corporation (CVS)
Last cvs health corporation earnings: 2/12 06:45 am
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Source: Yahoo! Finance Canada
NEW YORK, Dec 2 (Reuters) - CVS Health will pay $37.76 million to settle allegations it ?dispensed too many insulin pens to patients, and then obtained improper ?reimbursements from Medicare, Medicaid and other government healthcare programs, U.S. Attorney Jay Clayton ?in Manhattan said on Tuesday. The settlement resolves charges that CVS violated the federal False Claims Act between January 1, 2010 and December 31, 2020 by dispensing more insulin pens than doctors prescribed, obtaining reimbursements for premature refills, and underreporting how ?much insulin its pharmacies dispensed. CVS ?allegedly instructed pharmacy staff to report the maximum days-of-supply allowed when dispensing full insulin pen cartons, to ensure it ?could fill prescriptions as quickly as possible and that reimbursement claims would be approved. Patients with diabetes use the pens to give themselves insulin shots. The payout includes $24.45 million to the ?federal government, and the remainder to vari
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CVS
News
- CVS Health (NYSE:CVS) had its "market perform" rating reaffirmed by analysts at Sanford C. Bernstein.MarketBeat
- CVS Health (NYSE:CVS) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada.MarketBeat
- CVS Health to Outline Double-Digit EPS Growth Path at Investor Day, RBC Says [Yahoo! Finance]Yahoo! Finance
- CVS' Aetna To Meld Drug And Medical Approvals As Insurers Cut Hurdles [Forbes]Forbes
- Aetna expands initiatives to simplify experiences for health care professionals and patientsPR Newswire
CVS
Earnings
- 10/29/25 - Beat
CVS
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- CVS's page on the SEC website