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Oak Street Health, Medicare Advantage
CVS unit Oak Street Health in $60M settlement over kickback scheme
CVS Health (NYSE:CVS) subsidiary Oak Street Health has reached a $60M settlement with the Department of Justice to resolve allegations that it paid third-party insurance agents kickbacks to steer customers to its clinics.
CVS' Oak Street Health will pay $60 million to settle federal kickback allegations
The Anti-Kickback Statute prohibits anyone from offering or paying, directly or indirectly, money or anything else of value to induce referrals of patients or to provide recommendations of items or services covered by Medicare,
Oak Street Health Agrees to $60 Million Settlement Over Alleged Medicare Kickback Scheme
Oak Street Health, a Chicago-based primary care provider and subsidiary of CVS Health since 2023, has agreed to pay $60 million to settle allegations that it violated the False Claims Act. The company was accused of paying illegal kickbacks to third-party insurance agents as part of a scheme to recruit seniors for Medicare Advantage plans.
Chicago-based Oak Street Health to pay $60M to settle kickback allegations
Chicago-based Oak Street Health has agreed to pay $60 million to settle allegations that it paid kickbacks to insurance agents in exchange for their help recruiting patients. The U.S. government alleged that from 2020 to 2022,
CVS' Oak Street Health to pay $60M to settle Medicare Advantage kickback allegations
CVS subsidiary Oak Street Health has agreed to pay $60 million to settle accusations that it violated the False Claims Act by offering kickbacks to third-party insurance agents in return for referring older adults to its primary care clinics.
21h
Is CVS Health Stock a Buy?
CVS Health (NYSE: CVS) isn't having a good year. It is facing multiple headwinds and slow revenue growth, and investors are ...
2d
CVS Health Corp. stock underperforms Friday when compared to competitors
Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch ...
2d
UnitedHealth, CVS Caremark, Express Scripts sued by FTC over skyrocketing insulin prices
The FTC sued UnitedHealth Group’s Optum unit, CVS Caremark and Cigna’s Express Scripts for allegedly steering diabetes ...
4d
on MSN
CVS Health Corp. (CVS): Among the Best Fortune 500 Stocks to Buy Now
We recently compiled a list of the 10 Best Fortune 500 Stocks To Buy Now. In this article, we are going to take a look at ...
2d
on MSN
Dividend Roundup: Microsoft, JPMorgan, CVS Health, Nucor, and more.
This week's dividend activity included increased payouts from Microsoft (NASDAQ:MSFT) and JPMorgan (NYSE:JPM) as well as ...
1d
FTC Sues CVS Health, Cigna And United Health Group For Inflating Insulin Prices
The Federal Trade Commission filed an action against the three largest prescription drug benefit managers or PBMs— CVS Health's ...
4d
CVS Health Corp. stock outperforms competitors on strong trading day
CVS Health Corp. closed $24.83 short of its 52-week high ($83.25), which the company reached on January 8th.
12d
CVS Health Is Losing Its Relevance
CVS Health is losing relevance, facing stiff competition from Amazon, Walmart, and others, impacting margins and growth ...
2d
FTC Sues CVS, Cigna, UnitedHealth Over Rising Insulin Costs (1)
The US Federal Trade Commission sued units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. on Friday, accusing ...
5d
Health care giant sues to stop antitrust probe of pharmacy drug middlemen
The owner of one of the three largest pharmacy middlemen in the United States on Tuesday filed suit to quash an attempt by ...
12d
CVS Health: At Least There's A Valuable Lesson (Rating Downgrade)
CVS Health's strategy to pivot into health services failed due to lack of experience and market complexity. See why I ...
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