December 14, 1993
WellPoint Health Networks Inc., a Woodland Hills operator of managed health-care programs, said it and Medco Containment Services Inc. have agreed to jointly acquire Professional Claims Services Inc. for $24 million. The seller is Blue Cross and Blue Shield of Western New York Inc. Professional Claims Services is a pharmaceutical benefits management company with 3.7 million members nationwide.
December 18, 1999 |
A federal grand jury indicted eight telemarketers Friday on charges of bilking $4.4 million from people in a massive Medical-billing scheme operated from boiler rooms in La Habra and Placentia. The suspects sold software to more than 12,000 consumers, saying they could earn $30,000 a year processing medical insurance claims or bills on their home computers, prosecutors said.
June 25, 2003 |
Federal prosecutors have joined lawsuits accusing a pharmacy benefit company owned by Merck & Co. of pressuring doctors to switch patients to Merck's products even if a patient was doing well on another drug that cost less. U.S. Atty.
July 9, 2002 |
Pharmaceutical giant Merck & Co. may have followed an acceptable accounting practice in reporting $12 billion in income it never received at its Medco Health Solutions pharmacy benefits unit, but experts say drug makers and mail- order drug firms now will be pressured to unveil all of their accounting and business arrangements.
September 17, 2005 |
From 2000 to 2004, use of drugs to help keep ADHD patients focused doubled among adults age 20 to 44 and rose 56% among children, according to data released this week by Medco Health Solutions, one of the country's largest prescription benefit managers. Among reasons cited for the surge: more effective drugs; advertising; and parents' discovery that they have the same symptoms as children diagnosed with attention-deficit hyperactivity disorder.