High Court ERISA Case Has States, Pharmacies On Edge
Law360 (January 17, 2020, 10:35 PM EST) -- Many local pharmacists have seen it. The letter has spread across the country, landing in the mailbox of one independent pharmacy after another.
It begins on a buddy-buddy note. "I'm a pharmacist myself," the letter opens. "I know what independents are experiencing right now: declining reimbursements, increasing costs, a more complex regulatory environment."
Independent pharmacies across the country, who say they're struggling to survive due to pharmacy benefit managers' reimbursement practices, have received letters like this from CVS, according to a pharmacists' group. Then it goes in for the kill: "Mounting challenges like these make selling your store to CVS Pharmacy...
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