{"id":16114,"date":"2020-05-28T10:20:03","date_gmt":"2020-05-28T14:20:03","guid":{"rendered":"https:\/\/medicarereport.org\/?p=16114"},"modified":"2020-05-28T10:20:56","modified_gmt":"2020-05-28T14:20:56","slug":"cvs-named-in-lawsuit-for-artificially-inflated-prices-for-generic-drugs","status":"publish","type":"post","link":"https:\/\/medicarereport.org\/?p=16114","title":{"rendered":"CVS named in lawsuit for artificially inflated prices for generic drugs"},"content":{"rendered":"<p>Alleging that CVS Health, the pharmacy chain, overcharged them based on artificially inflated prices for generic drugs and concealed the true cash prices for those drugs, six Blue Cross Blue Shield insurers have filed a lawsuit.\u00a0 Usually, health insurers negotiate \u201clesser of\u201d contracts \u2013 meaning they pay the negotiated drug price or the cash price that uninsured patients would pay, whichever is lower; however, the insurers allege CVS offered lower cash prices on generic drugs to compete with Walmart and other low-cost pharmacies but told them those cash prices were significantly higher than they actually were.\u00a0 This is not the first time CVS allegedly overcharged for generic drugs. Read article<a href=\"https:\/\/www.axios.com\/blue-cross-blue-shield-cvs-lawsuit-alleged-fraud-f4960b16-e5d9-4d0c-8b75-7f358f5c7d90.html\"> here\u2026<\/a><\/p>\n<p><a href=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2018\/04\/dreamstime_m_36312255pills-medicine-dollar-cost.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-10021\" src=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2018\/04\/dreamstime_m_36312255pills-medicine-dollar-cost-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2018\/04\/dreamstime_m_36312255pills-medicine-dollar-cost-300x200.jpg 300w, https:\/\/medicarereport.org\/wp-content\/uploads\/2018\/04\/dreamstime_m_36312255pills-medicine-dollar-cost-768x512.jpg 768w, https:\/\/medicarereport.org\/wp-content\/uploads\/2018\/04\/dreamstime_m_36312255pills-medicine-dollar-cost-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<pre><strong>Notice:<\/strong> The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link\u2019s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Alleging that CVS Health, the pharmacy chain, overcharged them based on artificially inflated prices for generic drugs and concealed the<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,15],"tags":[],"class_list":["post-16114","post","type-post","status-publish","format-standard","hentry","category-legal-actionscourt-decisions","category-part-dprescription-drugs"],"_links":{"self":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/16114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16114"}],"version-history":[{"count":2,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/16114\/revisions"}],"predecessor-version":[{"id":16116,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/16114\/revisions\/16116"}],"wp:attachment":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}