Oklahoma AG Reaches $32M Settlement with CVS Caremark

Attorney General Gentner Drummond today announced a more than $32 million settlement with CVS Caremark after the company allegedly kept money that belonged to Oklahoma’s state employee health plan.
CVS Caremark is a pharmacy benefit manager (PBM) that manages prescription drug benefits for health plans, including HealthChoice which is Oklahoma’s state employee plan. When drug companies give discounts and rebates for medications, CVS Caremark was supposed to pass that money on to HealthChoice. Instead, the state contends that CVS kept millions of dollars that should have gone to help lower healthcare costs for state employees from January 2020 through December 2024. CVS maintained that it complied with its contractual obligations.
Read more at Oklahoma.gov