Cigna Will Settle Suit Over Alleged Pharmacy Clawbacks

A Cigna Group unit will settle a suit alleging it had a practice of overcharging for prescription drugs through a clawback scheme with OptumRx Inc.

The parties submitted a joint motion to stay deadlines so they could reach a formal settlement agreement in the US District Court for the District of Connecticut on Aug. 18.

• The seven-year-old suit said Cigna overcharged plan participants for prescription drugs by as much as 300%
• Cigna previously convinced a federal judge to deny class certification because of variations in plan language
• The health insurer also defeated federal racketeering claims in March after Judge Jeffrey ...