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Louisiana settles $45M lawsuits against CVS and its PBM over deceptive practices, funding pharmacy reform and fraud efforts.
Louisiana has settled three lawsuits against CVS Health and its pharmacy benefit manager unit for $45 million, avoiding prolonged litigation.
The funds will support new pharmacy benefit legislation and Medicaid fraud initiatives, with collaboration among state agencies.
The agreement, reached without either party admitting fault, addresses allegations of deceptive practices, anti-competitive behavior, and unfair reimbursements that harmed independent pharmacies.
The settlement follows a political and legal clash over a failed bill to limit PBM influence, during which CVS faced scrutiny for mass texting campaigns and data misuse.
CVS said the resolution allows it to focus on lowering healthcare costs and preserving pharmacy access.
Luisiana resuelve demandas por $45 millones contra CVS y su PBM por prácticas engañosas, financiando la reforma farmacéutica y los esfuerzos de fraude.