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CVS Caremark Settles $5 Million Lawsuit with Attorney General’s Office
The $5 million settlement reimburses pharmacies for 68,099 prescriptions paid below cost and requires CVS Caremark to implement reforms, the Oklahoma AG's office said.
- Attorney General Gentner Drummond announced a $5 million settlement with CVS Caremark resolving claims of underpayment to Oklahoma pharmacies.
- The office filed the lawsuit in January to challenge CVS Caremark, Pharmacy Benefit Manager , which negotiates prices and handles about 80% of prescription claims processing.
- The settlement will repay pharmacies for 68,099 prescriptions filled between January 2024 and August 2025, with affected Oklahoma pharmacies receiving 75% of fines and 25% funding the Attorney General's oversight fund.
- CVS Caremark agreed to reforms including dispute reviews against national benchmarks and a 90-day grace period, while the Attorney General's Office will contact eligible pharmacies in writing, Michael Leake, Deputy Attorney General, said.
- Other states including Louisiana, Illinois and Pennsylvania have filed suits against CVS Caremark, and local pharmacies warn that being paid `pennies on the dollar` risks closures.
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AG Drummond reaches $5 million settlement with CVS Caremark
·Oklahoma City, United States
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thewatongarepublican.comReposted by 
News.law
News.lawCVS Hit With $5 M Settlement
OKLAHOMA CITY – Attorney General Gentner Drummond has announced a settlement of more than $5 million with CVS Caremark to resolve allegations that the Pharmacy Benefit Manager (PBM) paid Oklahoma pharmacies less than what the medications actually cost. PBMs act as middlemen between insurance companies and pharmacies, determining how much pharmacies get paid for dispensing prescriptions.
·Watonga, United States
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Total News Sources12
Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
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- 60% of the sources lean Left
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L 60%
C 40%
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