News That Matters

Tag: subsidies

New York Attorney General Sues CVS Health for Violating Antitrust Laws
News

New York Attorney General Sues CVS Health for Violating Antitrust Laws

(Reuters) - The New York Attorney General on Thursday sued CVS Health Corp, saying the pharmacy chain violated antitrust laws and hurt New York safety-net hospitals and healthcare providers.The lawsuit says CVS required safety-net hospitals and clinics to exclusively use a CVS-owned company, Wellpartner, to process and obtain federal subsidies on prescriptions filled at its pharmacies, which forced these providers to incur millions in additional costs.CVS did not immediately respond to a Reuters request for comment.(Reporting by Mrinalika Roy in Bengaluru; Editing by Devika Syamnath)Copyright 2022 Thomson Reuters. Source link