Gone Fishing? House Republicans Seek ‘Unclear’ Antitrust Info From CVS Caremark

  • Dec 24, 2024

    Two House Republicans recently requested documents from CVS Health Corp., saying they are investigating whether the company’s Caremark PBM engaged in anticompetitive practices by barring independent pharmacies from participating in specialty pharmacy hubs, also referred to as pharmaceutical hubs. But some experts question the move, noting there is little indication that CVS is engaging in this practice.

    House Judiciary Committee Chair Jim Jordan (R-Ohio) and Rep. Thomas Massie (R-Ky.) on Dec. 12 sent a letter to CVS CEO David Joyner, requesting documents and communications from Caremark to independent or specialty pharmacies related to pharmacy hubs. Jordan’s concern is that Caremark is preventing independent pharmacies from participating in “innovative” arrangements that could save money for customers, by threatening to kick pharmacies out of Caremark’s network if they participate in such an arrangement.

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  • Jill Drachenberg

    Jill has been a reporter and editor since 2005, mainly focusing on business and health care. Before joining AIS Health, she was an editor for Relias Media (formerly AHC Media), focusing on topics such as case management, medical ethics, risk management, infection control, hospital management, and contraceptive technology. She has a B.A. in journalism from Georgia State University.

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