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Minnesota fines CVS Caremark $500,000 alleging improper pharmacy benefit handling

The state Commerce Department has levied a $500,000 fine against CVS Caremark, alleging the pharmacy benefits manager used strategies Minnesota state law doesn't allow to steer consumers to pharmacies its parent company owns.

Insurance companies and employers hire pharmacy benefit managers (PBMs) to structure medication benefits within health plans. That includes designating pharmacies where enrollees can obtain medications at the lowest out-of-pocket cost.

"Some Caremark enrollees complained of being forced to drive up to 130 miles to fill prescriptions," Commerce said Monday in a news release. "Minnesota's Pharmacy Benefit Manager Act prohibits a PBM from requiring or incentivizing a member to use a pharmacy it owns unless the same incentives are available at other pharmacies."

https://www.startribune.com/minnesota-fines-cvs-caremark-500000-for-mismanaging-pharmaceutical-benefits/600271572/

 

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