Centene Reserves $1.1 Billion for Pharmacy Disputes
- Largest U.S. Medicaid insurer settles Ohio, Mississippi claims
- “Alarm bells should be ringing” for other firms, Ohio AG says
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Centene Corp. agreed to pay settlements to Ohio and Mississippi to resolve claims that it inflated pharmacy costs, and the health insurer reserved $1.1 billion to resolve similar claims in other states.
Centene, the country’s largest seller of Medicaid health plans, will pay $88 million to Ohio and $55 million to Mississippi, while denying any liability for the practices leading to the settlement, the company said Monday in a statement.