CVS Health's pharmacy benefit manager unit must pay the U.S. government $95 million after a federal judge found it overcharged Medicare for prescription drugs.

The Senate’s removal of PBM and Medicare Advantage cuts further boosts the outlook for its Caremark and Aetna units. While ...

The contract, though sizable, is likely immaterial to CVS’ earnings. But it moves the company in a positive direction as it ...

Rising prescription drug costs remain a top healthcare concern, with pharmacy benefit managers (PBMs) facing heightened scrutiny for their role in managing prescription drug benefits for insurers and ...

–CVS must pay the government at least $95 million after a federal court ruled in favor of a whistleblower, finding its pharmacy benefit subsidiary Caremark overcharged Medicare for generic drugs.– ...

Pharmacy benefit manager CVS Caremark drops Zepbound coverage, estimating 10-15% savings while Eli Lilly offers self-pay programs at $499 monthly ...

The California Public Employees’ Retirement System (CalPERS) has a new pharmacy benefits contract with CVS Caremark, the ...

UD members who need assistance finding an in-network pharmacy can visit the Pharmacy Locator search tool through the CVS Caremark website or contact CVS Caremark Customer Service at 1-833-458-0835 ...

CVS taps Ed DeVaney to head Caremark DeVaney was named president of the pharmacy benefit manager after serving in the interim role since December. Published Feb. 19, 2025 ...

Specifically, CVS spent nearly two decades positioning itself as a managed care leader, with the acquisitions of pharmacy benefit manager Caremark (2007), insurance provider Aetna (2018), and ...