CVS plans to spend $12.7 billion to buy pharmacy-service provider Omnicare Inc. in order to gain a larger foothold in the quickly expanding long-term care industry and specialty pharmacy market. [More]
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![Walgreens Pill-Flipping Scheme Costs Taxpayers Millions](../../consumermediallc.files.wordpress.com/2012/06/walgreens1.jpg?w=180&h=135&crop=1)
Walgreens Pill-Flipping Scheme Costs Taxpayers Millions
Thanks to an anonymous whistle-blower, a Walgreens pill-flipping scheme has been blown wide open, according to CBS. “Pill-flipping” refers the practice of pharmacies that purposefully switch Medicaid patients to more expensive versions of certain drugs for the sole reason of collecting more money from the government. Naturally, when this happens, taxpayers pick up the bill. Athough, Walgreen’s officially denies any wrongdoing they have agreed to pay the government more than $35 million. Details, inside…