Centene Corp. will pay $13.7 million to New Mexico to settle allegations that its former pharmacy benefit manager overcharged the state’s Medicaid department for drugs, the state attorney general said Monday.
New Mexico is the sixth state to settle with Centene. The nation’s largest Medicaid insurer is exiting the PBM space after reserving $1.25 billion to settle allegations from at least nine states that its pharmacy benefits arm, Envolve,…