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Violation Tracker Individual Record

Company: Medco Health Solutions, Inc.
Current Parent Company: Cigna
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $29,100,000
Year: 2004
Date: April 26, 2004
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Medco Health Solutions agreed to pay $29.1 million to settle multistate litigation alleging that the company encouraged prescribers to switch their patients to cheaper drugs, a practice that financially benefitted Medco but often did not provide savings for patients and their health care plans.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Connecticut
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: insurance; managed care
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.