CVS Charges Insured Buyers More For Generics, Suit Claims
By Kat Greene (July 30, 2015, 6:44 PM EDT) -- A putative class of customers accused CVS Health Corp. of running a scheme to overcharge insurance-using customers for generic drugs they sell to other customers for less than the cost of co-pays, according to a suit filed in California federal court Thursday.
The pharmacy systematically submits claims to third-party payors — insurance companies, in most cases — at fraudulently inflated prices, triggering a higher co-pay for customers using those insurance plans, a group of seven customers alleged in the proposed class action. Customers who use insurance end up paying three or four times the usual price of the generic drugs, according...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!