Oklahoma pharmacy owner pleads guilty to health insurance fraud

An Oklahoma pharmacy owner has pleaded guilty to taking part in a $1.1 million scheme that defrauded health insurance providers, according to KFOR-TV.

Jeffrey Terry was indicted in March after an investigation of charges that false claims had been submitted to Medicare and Oklahoma's Medicaid program. Prosecutors claimed Mr. Terry submitted claims for medications that were never prescribed to patients in order to make a profit. 

Mr. Terry pleaded guilty Aug. 12 to two counts of healthcare fraud and agreed to pay $338,000 to the Medicaid program and $753,000 to Medicare. He must also forfeit property and possessions.

A sentencing hearing for Mr. Terry will be held later this year. 

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