Centene Settles With Ohio, Mississippi to Resolve Pharmacy-Unit Claims
June 14 2021 - 7:29AM
Dow Jones News
By Dave Sebastian
Centene Corp. said it has reached no-fault agreements with the
attorneys general of Ohio and Mississippi to resolve the states'
claims related to services provided by the company's
pharmacy-benefits manager unit, Envolve Pharmacy Solutions Inc.
The health insurer on Monday said it would pay $88 million to
Ohio and $55 million to Mississippi under the agreements. Practices
described in the settlement focus on the structure and processes of
Envolve mainly during 2017 and 2018, the company said. Centene said
it denies liability for any of the practices.
The Ohio attorney general's litigation against the company would
be dismissed as part of the settlement, Centene said.
Centene said it is in discussions with a plaintiff's group led
by law firms Liston & Deas and Cohen & Milstein to bring
final resolution to the concerns in other affected states. The
company said it has recorded a reserve estimate of $1.1 billion
related to the issue, exclusive of the settlements.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
June 14, 2021 07:28 ET (11:28 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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