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Biotech / Medical : Merck
MRK 101.85-2.9%Dec 1 3:59 PM EST
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To: E who wrote (1350)7/8/2002 11:14:13 AM
From: E   of 1580
 
CNBC analyst says it's consistent with the "GAP" regulations, and not fraud. It seems that although they counted the co-payments as revenues, they took them as expenses, so profits weren't affected.

There are four of these big benefit management companies, and two do it the way Merck did, two don't.
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