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Pharmaceutical

Merck to pay $24 million to settle Medicaid fraud lawsuit

December 21, 2011
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BOSTON — Merck & Co. has agreed to pay $24 million to settle allegations that it overcharged the Massachusetts state Medicaid program, The Boston Globe reported.

The settlement represents the largest single-case Medicaid fraud settlement in state history.

The agreement ends a 2003 lawsuit filed against 13 drug makers over inflated prices for medicines that were sold in pharmacies, the article stated.
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