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CVS Caremark settles Medicare investigation

Agrees to pay $5m to settle FTC case

By Natasha Singer and Reed Abelson

 |  New York Times  

  January 13, 2012

After more than two years of investigation, CVS Caremark agreed on Thursday to pay $5 million to settle charges by the Federal Trade Commission that the company had misrepresented the price of certain prescription drugs in one of its Medicare drug plans, causing many older consumers to pay significantly higher prices than advertised.

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