WASHINGTON – CVS Health’s insurance subsidiary Aetna has reached a settlement agreement worth $117.7 million with federal authorities to resolve accusations of False Claims Act violations, the U.S. Department of Justice announced Wednesday.
The substantial financial settlement addresses federal allegations that the major health insurer engaged in practices that violated laws designed to prevent fraud against government programs.
The Justice Department’s announcement comes as part of ongoing federal efforts to hold healthcare companies accountable for potential violations of regulations governing government healthcare programs.
