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According to a class-action lawsuit, CVS and Walgreens overcharged consumers who bought certain generic drugs with their insurance. The pharmacy chains then kicked some of the proceeds back to third-party pharmacy benefit managers (PBMs). Those consumers would have been better off buying the drugs without using their insurance, the suits argue. The named plaintiff in the CVS lawsuit is Megan Schultz, who through her insurance paid $165 for a generic drug at a CVS pharmacy. Had she paid in cash, according to the lawsuit, the drug would've cost $92. (Wagonowsky, 2017). Did you read that CVS was found to have been billing Medicaid/Medicare incorrectly? How will this impact our prices?
Reference
Wagonowsky, E. (2017). CVS, Walgrens, and PBMs worked together to gouge consumers, lawsuits claim. https://www.fiercepharma.com/legal/cvs-pbms-worked-together-to-gouge-generic-drug-consumers-class-action-lawsuit-says
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