Breaking: Justice Dept. Sues CVS Over Medicare Prescriptions

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© Reuters. © Reuters. – The U.S. federal government filed a lawsuit against CVS Health (NYSE:) and the company’s Omnicare unit Tuesday for fraudulently billing Medicare, sending shares lower.

  • The Justice Department accused CVS of continuing to issue prescriptions after they had expired or the amount of refills had ended to elderly or disabled people.
  • CVS (NYSE:) fell 1.4% after the news, while component Walgreens Boots Alliance (NASDAQ:) dropped 1.1%.
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