Support the news

Coakley Recovers $2.65 Million From CVS For Overpricing

Attorney General Martha Coakley announced an $2.65 million agreement with CVS over alleged overpricing by the national pharmacy chain, Bloomberg Businessweek reports.

An investigation found that the drug chain was overcharging public entities for prescription medications under the workers compensation program. According to a news release from Coakley's office:

"The city of Boston will receive $60,000 in restitution, and the cities of Brockton, Lowell, Fall River, and Springfield will each receive refunds in excess of $10,000. Other cities and towns will receive lesser amounts, based on the volume of overcharges applicable to those towns. On average, the municipalities will receive approximately $4,500 each."

This program aired on August 30, 2010. The audio for this program is not available.

Rachel Zimmerman Twitter Health Reporter
Rachel Zimmerman previously reported on health and the intersection of health and business for Bostonomix.

More…

+Join the discussion
TwitterfacebookEmail

Support the news