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