Caremark Rx, Nashville, the nation's second-largest pharmaceutical benefits management company, said 19 states are probing its business practices. Caremark said it received a civil investigative demand Thursday from Washington state's attorney general concerning consumer protection statutes and the business practices of Caremark and its recently acquired AdvancePCS unit. Washington officials told Caremark that 18 other states would follow through with their own investigative demands, the company said. Caremark spokesman Gerard Carney said the administrative subpoenas "appear to request information from us relating to issues that are similar to those addressed in other recent industry settlements." Caremark said it believes its business practices "comply in all material respects with applicable laws and regulations," and the company intends to cooperate with the requests. In April, Medco -- the nation's largest prescription benefit manager -- announced a $29 million settlement with attorneys general in 20 states over charges that it pressured doctors to switch patients' medicines to ones bringing the company more revenue. -- by the Associated Press
Caremark says it's under investigation by 19 states
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