Walgreens Will Pay $360 Million to Humana in a Drug Pricing Settlement

Walgreens WBA.O has agreed to pay $360 million to healthcare insurer Humana to settle a lawsuit claiming that the retail pharmacy giant for years overcharged for prescription drug reimbursements.

U.S. District Judge Ana Reyes on Friday dismissed the Washington, D.C., federal court lawsuit after Walgreens disclosed the settlement in a court filing. The amount was shown in a filing with the U.S. Securities and Exchange Commission.

Walgreens sued Humana in 2022 to overturn a $642 million award that the insurer won in a private arbitration between the companies. Humana had claimed Walgreens filed “millions of falsely-inflated” prescription drug prices for more than a decade.

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