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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?

Editor's Choice 11/15/2024

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

Economy 07/11/2024

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...

Government 05/16/2023

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...

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