Attorney General Jennifer Davenport and the Office of the Insurance Fraud Prosecutor (OIFP)  announced that New Jersey joined a bipartisan coalition of 36 other attorneys general and the United States Department of Justice (DOJ) in securing $36.5 million from CVS Pharmacy, Inc. (CVS) for fraudulently overbilling Medicaid for insulin prescriptions.  As a result of the settlement, CVS will pay $36.5 million to the states and federal government, including $25.1 million for Medicaid programs in the participating states, and $365,725 for New Jersey.

“Medicaid is intended to provide essential healthcare services to individuals and families who need it most. We will not tolerate corporations who seek to exploit this important resources to benefit their bottom line. Fraud steals taxpayer funds that are intended for use by individuals and families for essential healthcare services. We will continue to work with our state and federal partners to investigate complex fraud schemes, protect public funds, and preserve the integrity of the Medicaid program.” – AG Davenport