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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...

CVS to lay off 632 workers tied to R.I. headquarters

WOONSOCKET – CVS Health Corp. is laying off 632 remote and in-person employees at its company headquarters. Of the employees affected, just 153 work inside the CVS headquarters and...

CVS to lay off 2,900 workers companywide in new round of...

WOONSOCKET – CVS Health Corp. told its employees Monday that it will lay off thousands of employees as part of efforts to cut costs,...

CVS acquires Medicare Advantage broker Hella+Health

WOONSOCKET – Amid struggles with rising Medicare Advantage costs, CVS Health Corp. quietly acquired Hella+Health, a New York-based Medicare Advantage broker.  CVS Health spokesperson Michael...

CVS files WARN, plans to lay off 198 Rhode Islanders

WOONSOCKET – CVS Health Corp. on Friday announced plans to lay off 198 Rhode Islanders working at the company’s headquarters here and in Cumberland. CVS...

Judge: CVS among pharmacies that owe Ohio counties $650M in opioids...

CLEVELAND (AP) – A federal judge has awarded $650 million in damages Wednesday to two Ohio counties that won a landmark lawsuit against national...
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