CVS Caremark to pay $38.5M in multi-state settlement

WOONSOCKET – CVS Caremark Corp. (NYSE: CVS) has agreed to pay $38.5 million, in a multi-state consumer protection probe, to resolve allegations that two legacy pharmacy benefits management businesses deceived doctors and unnecessarily drove up prescription drug-care costs. The company’s Caremark LLC and former AdvancePCS (now CaremarkPCS LLC) subsidiaries “have expressly denied any and all…

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