Omnicare has agreed to pay $49.5 million to settle Medicaid fraud claims. Omnicare, one of the country’s leading suppliers of pharmacy services to nursing homes, switched generic brands with more expensive versions of drugs which included Zantac, an antacid, and Prozac, an antidepressant, to avoid the price limits for Medicaid reimbursement. The complaint was filed by two former employees of Omnicare Inc. which is based in Covington, Kentucky.
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