CVS Caremark to Pay $5M to Oklahoma Pharmacies That Were Paid Less Than What the Drugs Cost Them

Attorney General Gentner Drummond today 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 prescription drugs.

Under the settlement, CVS Caremark will pay $5,081,520.69 to the Attorney General’s Office. The money will repay pharmacies for 68,099 prescriptions filled between January 2024 and August 2025 where they were paid less than what the drugs cost them. 

Read more at Oklahoma.gov