Violation Tracker Individual Record
Company:
Medco Health Solutions, Inc.
Current Parent Company:
Cigna
Penalty:
$29,100,000
Year:
2004
Date:
April 26, 2004
Offense Group:
consumer-protection-related offenses
Primary Offense:
consumer protection violation
Violation Description:
Medco Health Solutions agreed to pay $29.1 million to settle multistate litigation alleging that the company encouraged prescribers to switch their patients to cheaper drugs, a practice that financially benefitted Medco but often did not provide savings for patients and their health care plans.
Level of Government:
state
Action Type:
agency action
Agency:
Multistate Attorneys General Case
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
Connecticut
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
healthcare services
Specific Industry of Parent:
insurance; managed care
Link to Archived Court Document:
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
