Pharmacy
The "Big 3" PBMs also separately generated an estimated $1.4 billion of income from spread pricing, FTC finds.
Overall, these top 25 drugs were responsible for nearly $50 billion in total Medicare Part D spending in 2022, AARP finds.
All commercial prescriptions dispensed at CVS Pharmacy will be reimbursed through CVS CostVantage.
Drugmakers, Aetna alleged, determined their market allocation by providing high cover bids, or refusing to bid for some customers.
In October, CVS announced it would reduce 2,900 corporate positions in a goal to cut costs by $2 billion over several years.
The drugs will have a lowered Part B coinsurance rate from January 1 through March 31 of next year, HHS says.
The bipartisan legislation would prevent dual ownership of PBMs and pharmacy assets.
In population health, a 10% weight loss makes a huge difference, say experts.
Effectively immediately the company has assigned a new chief pharmacy officer and new head of Pharmacy and Consumer Wellness.
The letter was spurred by a report showing PBMs allegedly pocketed rebates instead of passing them on to consumers.