CVS Health is seeking to buy Oak Street Health, which runs clinics that specialize in treating Medicare Advantage patients.
Indiana to receive $219M from CVS, Walgreens in opioid settlements
CVS and Walgreens have agreed to pay state and local governments a combined total of more than $10 billion to settle lawsuits over the toll of opioids.Read More
Arcane world of pharmacy benefit managers slowly unraveling
A series of federal and state actions are putting the $400 billion PBM industry under a spotlight.Read More
The announcement comes as COVID-19 cases, hospitalizations and deaths are rising again, although they remain near their lowest levels since the coronavirus outbreak began in 2020.
The consumer protection agency said Tuesday that that it will order the nation’s largest PBMs to provide a range of information and records detailing how they do business.
A new report submitted to the Indiana Legislative Council calls for the regulation of “white bagging,” a practice that requires hospitals to buy drugs from an outside pharmacy, which delivers them premixed ahead of time of the patient’s visit. It is a growing practice, aimed at lowering the cost of care, but many providers say it can compromise care.
Health care practitioners and insurers are fighting over the hefty prices hospitals charge for specialty drugs to treat patients with cancer, vision loss, low white-blood-cell count and other serious diseases.
The New York-based firm plans to lease 10,655 square feet on the 15th floor of the 8888 Keystone Crossing office building in Indianapolis for its local operations.
The bill pitted the two largest companies headquartered in Indianapolis—drugmaker Eli Lilly and Co. and health insurer Anthem Inc.—on opposite sides of the issue.
When fully deployed, the pharmacy partnership will enlist about 40,000 drug stores nationwide, or roughly six times as many locations as are participating in the initial launch.
Roz Brewer will be the only Black woman leading a Fortune 500 company when she joins Walgreen’s on March 15.
The lawsuit, filed Tuesday by the Justice Department, says the nation’s largest retailer did not properly screen prescriptions at its 5,000 pharmacies. The agency is seeking civil penalties that could total billions of dollars.
The potential impact of Amazon’s arrival in the pharmaceutical space rippled through that sector immediately. The stocks of CVS Health Corp., Walgreens and Rite Aid all tumbled Tuesday.
Thursday’s agreement with major chain drug stores, grocery market pharmacies and other chains and networks covers about 3 in 5 pharmacies in all 50 states and U.S. territories such as Puerto Rico.
Walmart filed a lawsuit on Thursday saying that the Justice Department and the Drug Enforcement Administration are blaming the company for the government’s own lack of regulatory and enforcement policies.
Under the voluntary program, trained staff from CVS and Walgreens would deliver the vaccines to each nursing home and administer shots.
In 2018, only about 7% of childhood flu shots were administered at pharmacies, according to CDC data. And it’s even rarer for other childhood shots to be given at drug stores.
In recent years, a host of online websites and smartphone apps—such as GoodRx, Blink Health and Script Saver—have popped up to help people find the lowest price for prescription medicines. By using them, consumers can save thousands of dollars a year on their prescriptions if they don’t mind shopping around and buying some of their drugs outside their insurance plans.