Schering Corp. Accepts Federal Contract Ban Under Settlement
This article was originally published in The Pink Sheet Daily
Executive Summary
Schering Sales Corp. is accepting the ultimate penalty under the antikickback statute: a five-year ban from participating in federal government contracts
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Settlement stems from managed care contracts with Cigna and PacifiCare in 1998. “Data processing fees” were in fact disguised rebates that should have been reported to Medicaid, Schering acknowledges.