CVS reaches insulin pricing settlement with FTC [Yahoo! Finance Canada]
CVS Health Corporation (CVS)
Last cvs health corporation earnings: 2/12 06:45 am
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Source: Yahoo! Finance Canada
Pharmacy benefit managers, which set how drugs are covered by ?health insurance, have faced a decade of scrutiny from regulators and lawmakers over pricing practices. The company ?said on Tuesday its pharmacy benefit management unit, Caremark, has long focused on lowering prescription drug costs. Shares of CVS Health rose 1.05% in afternoon trading. CVS expects the settlement process to conclude in the coming weeks, but said final terms were still ?pending and would be confirmed ?once the settlement was officially finalized. A source familiar with the terms of the settlement said CVS' deal was modeled on a ?deal the FTC struck with rival pharmacy benefit manager, Express Scripts, which is owned by Cigna. That deal was finalized two weeks after being proposed, and CVS' could be ?signed into ?effect sooner, they said. Cigna's settlement required the ?company to curb rebate pricing, ?where a drugmaker gives the pharmacy benefit manager a discount after a certain drug is disp
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CVS
News
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CVS
Earnings
- 2/10/26 - Beat
CVS
Sec Filings
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- CVS's page on the SEC website