CVS Settlement Will See $2.1 Million Paid Out: What To Know
Summary
More than $2.1 million from a settlement with CVS Caremark will be distributed to more than 900 eligible pharmacies in Oklahoma. The settlement concerns transaction fees that the state alleged CVS Caremark improperly charged pharmacies; CVS Caremark did not admit liability. Individual CVS customers cannot apply for payments.Key Facts
- The funds come from fines under a settlement reached by the Oklahoma Insurance Department and CVS Caremark in January 2022.
- Oklahoma alleged that CVS Caremark charged pharmacies transaction fees from September 2020 through October 2021 in violation of state law.
- The Oklahoma Attorney General's Office will contact eligible pharmacies using information from the Oklahoma State Board of Pharmacy.
- The office will help pharmacies complete the paperwork needed to receive payments.
- More than 900 Oklahoma pharmacies are eligible for distributions.
- State officials say this is the third settlement involving CVS Caremark in Oklahoma.
- The three settlements have returned more than $7 million to Oklahoma pharmacies, according to the Attorney General's Office.
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