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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...

Health stocks, including CVS, slump as Amazon-led group unveils efficiency plans

WILMINGTON, Del. – Health care stocks plunged after three companies led by Internet giant Amazon.com Inc. said they plan to collaborate on developing ways...
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