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Stockreport

CVS Subsidiary Oak Street Health Agrees to $60M Settlement in Medicare Kickback Violations [Yahoo! Finance]

Walgreens Boots Alliance, Inc. (WBA)  More Company Research Source: Yahoo! Finance
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.walgreensbootsalliance.com
to settle for $60 million following allegations that it violated the False Claims Act. The claims involved paying kickbacks to third-party insurance agents to recruit seniors to its primary care clinics, a practice that led to false Medicare submissions. The allegations center around Oak Street Health's Client Awareness Program, launched in 2020, which aimed to increase membership through third-party insurance agents. These agents targeted seniors enrolled or eligible for Medicare Advantage (MA) plans, directing them toward Oak Street's services. In exchange, agents received approximately $200 per referral, incentivizing them to prioritize financial gain over seniors' best interests. This behavior violated the Anti-Kickback Statute, which prohibits offering payment to induce patient referrals under federally funded programs like Medicare. The U.S. Department of Justice (DOJ) claimed that Oak Street Health knowingly submitted false claims to Medicare between September 2020 [Read more]

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Stockreport

CVS Subsidiary Oak Street Health Agrees to $60M Settlement in Medicare Kickback Violations [Yahoo! Finance]

Walgreens Boots Alliance, Inc.  (WBA) 
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.walgreensbootsalliance.com
to settle for $60 million following allegations that it violated the False Claims Act. The claims involved paying kickbacks to third-party insurance agents to recruit seniors to its primary care clinics, a practice that led to false Medicare submissions. The allegations center around Oak Street Health's Client Awareness Program, launched in 2020, which aimed to increase membership through third-party insurance agents. These agents targeted seniors enrolled or eligible for Medicare Advantage (MA) plans, directing them toward Oak Street's services. In exchange, agents received approximately $200 per referral, incentivizing them to prioritize financial gain over seniors' best interests. This behavior violated the Anti-Kickback Statute, which prohibits offering payment to induce patient referrals under federally funded programs like Medicare. The U.S. Department of Justice (DOJ) claimed that Oak Street Health knowingly submitted false claims to Medicare between September 2020 [Read more]

IMPACT SNAPSHOT
EVENT TIME:
WBA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


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%

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TICKS

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Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS