UPDATE: This story has been updated with a comment from CVS Health.
DETROIT, MI – CVS Health and its subsidiaries allegedly diverted more than $66 million from Medicaid programming by giving incorrect prices to Michigan hospitals, according to a lawsuit filed Monday.
University of Michigan hospitals that are part of the 340B Pricing Program ― a federal program providing certain outpatient drugs at reduced prices ― are alleging CVS Health routinely reported receiving lower reimbursement rates from insurance companies, skimming roughly $66 million in revenue originally intended to fund hospitals serving underinsured patients…