MASSDEVICE ON CALL — Laboratory Corp. of America Holdings (NYSE:LH) agreed on a $50 million settlement on a whistleblower lawsuit accusing the company of overcharging Medicaid and giving kickbacks in exchange for referrals for its lab tests.
The complaint accused LabCorp of charging California’s Medicaid program prices as much as five times higher than it charged other customers and offered discounted or free tests to health care providers in exchange for referrals.