Insurance company GEICO has filed suit against a New York pharmacy and five medical clinics and their owners alleging they perpetrated a fraudulent scheme under the New York no-fault insurance system by submitting more than $3.7 million in fraudulent pharmaceutical claims.
The insurer says the scheme primarily targeted expensive topical prescription drug products with high profit margins but questionable medical effectiveness which they “systematically dispensed to individuals involved in automobile accidents without regard for genuine patient care.”
