Six Blue Cross Blue Shield insurers have sued CVS Wellbeing, in search of thousands and thousands of dollars for alleged above-inflated generic drug price ranges.
The Blues plans declare that for above a 10 years, CVS submitted fraudulent promises for payment at artificially inflated price ranges and concealed the legitimate hard cash price of the medication.
CVS submitted fraudulently inflated, usual and customary price ranges to the plans for prescription medication acquired by their members, in accordance to the lawsuit submitted by Blues insurers in Alabama, Florida, Minnesota, North Carolina, North Dakota and Missouri.
WHY THIS Matters
CVS presented hundreds of generic medication at lower, discounted price ranges by means of hard cash price cut programs, the lawsuit stated. The hard cash price cut system was at first identified as the Wellbeing Savings Go and later, the Value Prescription Savings Card system.
CVS designed and managed the hard cash price