Credit: Alexander RathsAntitrust Class Actions Against CVS, Other Pharmacy Benefit Managers Are Piling Up
Plaintiffs, independent pharmacies, claimed the defendants "have vertically integrated" with health care giants such as insurance companies, health care providers, drug private labelers and others. As a result, the complaints say, pharmacy benefits managers use anticompetitive methods to suppress reimbursements for discount card payments, which allegedly causes stand-alone pharmacies to suffer and even go out of business.
December 13, 2024 at 07:15 PM
4 minute read
CVS has been hit with at least three federal class actions, including two antitrust cases accusing CVS Caremark Corp. and other pharmacy benefit managers, the intermediaries between insurance companies and pharmacies, of price-fixing prescription drug reimbursement rates.
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