Illinois Recovers $45 Million Settlement from CVS Caremark
SPRINGFIELD - The Illinois Office of the Attorney General (OAG) reached a settlement on behalf of the Illinois Department of Central Management Services (CMS) and taxpayers of Illinois to recover $45 million from CVS Caremark in pharmacy benefit rebates. The settlement negotiation, led by OAG in conjunction with the Illinois Governor’s Office and CMS attorneys, resolves allegations that the pharmacy benefit manager (PBM) failed to properly disclose and remit pharmaceutical rebates owed to the State under a longstanding contract. “PBMs have gone from being useful administrative service providers to behemoths that control the pharmaceutical industry at the expense of patients and independent pharmacies,” said Attorney General Kwame Raoul. “This settlement is part of my office’s ongoing work to hold PBMs accountable to the people of Illinois, which also includes calling on Congress to take federal action to reign in PBMs. I will continue to advocate for
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