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Change to Win
State of Maryland’s CVS Caremark Contract Audit Reveals More than $10 Million in Potential Overpayments, Undisclosed Rebates, Improper Drug Switching, According to CtW
March 28th, 2009
CVS Caremark, the State of Maryland’s former pharmacy benefit manager (PBM), collected more than $10 million in potential overpayments and undisclosed rebates, among other deficiencies, according to the State Department of Legislative Services which recently audited the Department of Budget and Management Office of Personnel Services and Benefits (OPSB) for the years 2004 – 2007. Catalyst replaced CVS Caremark in 2007 as Maryland's PBM. “This audit should spur other public and private entities to take a hard look at whether they, too, deserve refunds from CVS Caremark,” said Jasmin Weaver, Healthcare Initiatives Legislative Director at Change to Win as she testified...
Source: Law & Health Weekly (2009-03-28)
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