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New York Times The Middlemen series
Commerce fines CVS Caremark $500,000 after 2022 case alleging violations of Pharmacy Benefit Manager Act
The Minnesota Department of Commerce announced it has levied a $500,000 penalty against the pharmacy benefit manager CVS Caremark after alleging that Caremark violated state law prohibiting a practice known as ‘patient steering.’
The biggest Pharmacy Benefit Managers (PBMs) are profiting by systematically underpaying independent drugstores, creating “pharmacy deserts” across the country.
The third in “THE MIDDLEMEN” series of articles by reporters Rebecca Robins and Reed Abelson investigating PBMs .