CVS must pay the government at least $95 million after a federal court ruled in favor of a whistleblower, finding its pharmacy benefit subsidiary Caremark overcharged Medicare for generic drugs.

CVS Caremark is the largest PBM in the U.S., accounting for 33% of all prescriptions filled nationally. CVS denies the allegations.

CVS Caremark originally entered into a corporate integrity agreement in 2008, when it paid $36.7 million to resolve allegations from a CVS pharmacist that the company improperly switched patients ...

CVS Caremark didn't respond to requests for comment. The Oklahoma statute underpinning the CVS Caremark settlement, however, is the subject of a federal legal dispute.

Antoinette Alexander 1/12/2012 WOONSOCKET, R.I. — CVS Caremark announced on Thursday that the Federal Trade Commission has concluded its investigation into the company’s business practices.

CVS Caremark also will include Sandoz’s unbranded adalimumab-adaz, which is available at a discount of 81%. Humira remains on the pharmacy benefit manager's (PBM) drug list as well.

In related news, CVS/Caremark has announced the members of the company’s board of directors. As previously disclosed, the 14-member board was evenly split among designees from CVS and Caremark.

CVS Health’s pharmacy benefit manager (PBM), CVS Caremark, joined forces with GoodRx to launch a prescription drug cost-saving program Wednesday. The Caremark Cost Saver gives CVS Caremark members the ...

CVS taps Ed DeVaney to head Caremark DeVaney was named president of the pharmacy benefit manager after serving in the interim role since December. Published Feb. 19, 2025 Emily Olsen Reporter ...

In 2012, CVS Caremark's Part D share has grown by 2.1 million persons enrolled, primarily due to the contracts with Universal American and HealthNet, plus organic growth of 207K enrolled.

CVS announced last quarter that 270 payers, which include insurers and employers, have signed up for the program. Some 25% of the new contracts last quarter are new to Caremark.

The CVS Caremark Charitable Trust announced today that it awarded $6.3 million to nonprofit organizations across the country in grants in 2009. These grants align with CVS Caremark All Kids Can, a ...