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Louisiana files lawsuits alleging CVS deceived customers in text messages

NEW ORLEANS (AP) – Louisiana filed several lawsuits accusing pharmaceutical giant CVS Health Corp. of abusing customer information and using its dominant market position to...

CVS, Express Scripts sue Arkansas over restriction on pharmacy benefit managers 

LITTLE ROCK, Ark. (AP) – CVS Health Corp. and Express Scripts have asked a federal judge to block a law prohibiting pharmacy benefit managers from...

Do you support Attorney General Peter F. Neronha’s major proposals to...

Attorney General Peter F. Neronha on May 28 announced a package of legislative proposals and other initiatives to help the state’s ailing primary care...
PHARMACY BENEFIT MANAGERS such as CVS Caremark, which is owned by CVS Health Corp, are being accused to wielding enormous power over prescription drug prices. / AP FILE PHOTO/CHRIS CARLSON

Are PBMs forcing out small drugstores, inflating medication prices?

Pharmacy benefit managers say they protect against prescription drug prices from rising exorbitantly high, but these companies – such as one operated by CVS...
THE FEDERAL TRADE COMMISSION said in its report “Pharmacy Benefit Managers: The Powerful Middlemen Inflating Drug Costs and Squeezing Main Street Pharmacies” that PBMs “wield enormous power over patients’ ability to access and afford their prescription drugs, allowing PBMs to significantly influence what drugs are available and at what price.” / AP FILE PHOTO/CHRIS CARLSON

FTC criticizes ‘enormous power’ of pharmacy benefit managers in scathing report

PROVIDENCE – Drug middlemen are hurting small, independent pharmacies while reaping huge profits by inflating drug prices, according to a Federal Trade Commission staff...

Mass. AG reaches $6.1M settlement with CVS on workers’ compensation drug...

BOSTON (AP) – Massachusetts Attorney General Andrea Campbell said Monday that she's reached a $6.1 million settlement with CVS Health Corp. to resolve allegations the...
THREE PHARMACY-BENEFIT MANAGERS - CVS Health, Express Scripts and UnitedHealthcare - control more than 70 percent of the market, including more than half of the $138 billion specialty drug prescription market.

Partners turned into prey as insurers, drug plans get squeezed

NEW YORK – Over 20 years, Brian Komoto built a thriving pharmacy in California’s Central Valley. Each day, his nurses would travel the vast...
WALMART IS EXPERIMENTING with a number of ways to bring down its health care costs, including setting up accountable care organizations at many of its employment centers, where the retailer buys care directly from providers. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

Amazon isn’t only retail giant trying to remake health care

NEW YORK – Amazon.com Inc. says it wants to remake health care for its workers. But its biggest rival is beating it to the...
CIGNA HAS MADE an offer to buy pharmacy-benefits manager Express Scripts, the last remaining large and independent PBM in the nation, in a deal whose total value is $69.6 billion. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

Cigna to buy Express Scripts as health shakeout speeds up

NEW YORK – Cigna Corp. agreed to buy Express Scripts Holding Co. in an about $54 billion deal that builds on the rapid transformation...
CVS HEALTH'S pharmacy benefit management business came under fire, along with other PBMs, from the head of the Food and Drug Administration for holding drug prices artificially high. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

`Rigged’ system blocks use of lower-cost drugs, FDA chief says

WASHINGTON – A “rigged payment scheme” between drug plans, insurers and pharmaceutical companies has blocked access to less-expensive versions of some of the most costly drugs...
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