Content about Pharmaceuticals policy

April 13, 2012
Walmart and Humana team up on prescription program

Walmart is partnering with health services company Humana Inc. to offer a new prescription drug plan for insured employers and employees. Humana’s pharmacy benefits management subsidiary, Humana Pharmacy Solutions, will now offer the Walmart Rx Network.

Bentonville, Ark. -- Walmart is partnering with health services company Humana Inc. to offer a new prescription drug plan for insured employers and employees. Humana’s pharmacy benefits management subsidiary, Humana Pharmacy Solutions, will now offer the Walmart Rx Network. The partnership will also offer a new formulary, or approved drug list, called Rx4Value.

January 9, 2012
Health Net sells Medicare unit to CVS

Managed care company Health Net Inc. announced it will sell its Medicare Part D stand-alone prescription drug business to CVS Caremark for $160 million.

New York City -- Managed care company Health Net Inc. announced it will sell its Medicare Part D stand-alone prescription drug business to CVS Caremark for $160 million.

The business has about 400,000 members in 49 states and Washington, D.C., with annual revenue of approximately $490 million.

The deal is scheduled to close during the second quarter, pending approval from antitrust regulators.
 

July 28, 2011
Walgreens settles prescription billing lawsuit in Connecticut

The State Attorney’s office in Connecticut said Thursday that Walgreen Co. has settled a civil lawsuit with state and federal officials who accused the retailer of double-billing the government for prescription drugs.

Hartford, Conn. -- The State Attorney’s office in Connecticut said Thursday that Walgreen Co. has settled a civil lawsuit with state and federal officials who accused the retailer of double-billing the government for prescription drugs.

Walgreen has reimbursed the government for billing errors made between June 1, 2006, and Aug. 31, 2008, and admitted no wrongdoing in the settlement.
 

July 27, 2011
Rite Aid agrees to pay $2.1 million for prescription overcharges

Rite Aid Corp. has agreed to pay $2.1 million to Massachusetts towns to settle alleged prescription drug overcharges under the workers’ compensation insurance system.

Camp Hill, Pa. -- Rite Aid Corp. has agreed to pay $2.1 million to Massachusetts towns to settle alleged prescription drug overcharges under the workers’ compensation insurance system.

Massachusetts Attorney General Martha Coakley said Wednesday that Rite Aid has overcharged state agencies and at least 100 cities and towns to fill prescriptions for people receiving workers' compensation since 2002.

March 1, 2011
CVS says FTC clears its buyout of Universal American unit

CVS Caremark Corp. said Tuesday that federal antitrust regulators cleared its planned acquisition of insurer Universal American Corp.'s Medicare Part D prescription drug business.

Woonsocket, R.I.  -- CVS Caremark Corp. said Tuesday that federal antitrust regulators cleared its planned acquisition of insurer Universal American Corp.'s Medicare Part D prescription drug business.

CVS and Universal American said the Federal Trade Commission has ended a mandatory review of the $1.25 billion deal. Universal American shareholders and state regulators still need to clear the deal.

The companies announced the transaction Dec. 31, and they expect it to close by the end of the second quarter.

January 3, 2011
CVS to acquire Universal American's Medicare business for $1.25 billion

CVS Caremark Corp. said Friday it will pay $1.25 billion to buy Universal American Corp.'s Medicare prescription drug services unit.

Woonsocket, R.I. -- CVS Caremark Corp. said Friday it will pay $1.25 billion to buy Universal American Corp.'s Medicare prescription drug services unit. The deal will more than double the size of the chain’s Medicare drug business.

CVS said it pursued the deal because with the country's population aging, a growing percentage of Americans will get their prescription drug coverage from Medicare.

September 30, 2010
Wal-Mart and Humana unveil low-cost prescription drug plan

Wal-Mart Stores and health insurer Humana said Friday they are teaming up to offer a...

August 29, 2010
Massachusetts attorney general settles with CVS on prescription drug pricing

Massachusetts Attorney General Martha Coakley said Monday that the state has reached an agreement with...

November 12, 2008
Rite Aid Expands Generics Via Rx Savings Card

Rite Aid expanded the list of generic medications available through its free Rx Savings Card...

November 11, 2008
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Supervalu Inc. spent $170,000 in the third quarter to lobby for legislation surrounding food safety,...

November 2, 2008
Costco and Aetna Partner for Medicare Rx Plan

Costco has partnered with insurance carrier Aetna to help consumers access an affordable and comprehensive...

September 7, 2008
Marc's Offers $3.99 Generic Drugs

Pharmacy chain Marc’s is pricing its generic-drug promotion at $3.99, a penny less than the...

July 16, 2008
NACDS Praises Congress Override of Medicare Veto

The nation’s retail-pharmacy industry won a major victory this week when the U.S. Senate and...

July 6, 2008
Dierbergs Unveils Cheaper Generic Drugs

Dierbergs Markets plans to roll out new pricing on Tuesday for more than 350 generic...

June 30, 2008
Kmart Pharmacies Lower Prices

Joining the price wars on generic-prescription drugs, Kmart lowered its prices and expanded the generic...

June 29, 2008
Kmart Expands Generic Drug Program

Kmart said on Monday it has cut prices and expanded its generic prescription drug program...

June 3, 2008
Walgreens Settles Dispute Over Reimbursements

Walgreens said it has resolved federal and state investigations related to disputes over Medicaid reimbursements...

May 14, 2008
Food 4 Less, Ralphs Expands Discounted Generic Drug Program

Food 4 Less and Ralphs in-store pharmacies are expanding its generic-drug program by offering 90-day...

May 5, 2008
Target Lowers Prescription Costs

Target announced new pricing plans for its prescription and over-the-counter drug offerings. In the announcement,...

April 2, 2008
Kroger Expands $4 Generics Program

Kroger has expanded its $4 prescription program to its stores in Virginia, West Virginia, North...

June 30, 2007
Pain at the Pump

High prices at the pump are a legitimate excuse for slumping sales, according to a...

January 14, 2007
Kmart Expands Drug Offerings in Generic Program

Hoffman Estates, Ill., ...

November 19, 2006
Target Rolls Out Discounted Generic Program

Minneapolis, Target Stores...

October 24, 2006
Wegmans Trims Cost of Generic Drugs

Rochester, N.Y., Wegmans...

October 4, 2006
Wal-Mart Accelerates Rollout of $4 Generic Rx Program

Bentonville, Ark., Wal-Mart...