Lawsuit accuses CVS of overcharging for generic drugs

http://www.usnews.com/news/business/articles/2015/07/30/lawsuit-accuses-cvs-health-of-overcharging-for-generic-drugs

“We’ve seen people who pay $20 for a 30-day supply as their copayments on a drug that was $11.99 for a 90-day supply had they been in the (discount program),” said Kristen Broz, an attorney with Hausfeld, the firm that filed the suit…

At issue in the lawsuit is CVS’s “Health Savings Pass” program, which offers discounts to customers who do not have insurance or choose not to use insurance on hundreds of generic prescription drugs, including generic versions of the antibiotic Penicillin and the antidepressant Prozac, according to the suit.

Instead of presenting insurance companies with that discounted price, CVS reported the higher price that a normal retail customer not in the Health Savings Pass would pay, the lawsuit alleges.

Customers were then charged co-pays according to those higher prices…

CVS’s drug supplier charges $10 for a 30-day supply of, let’s say, Vicodin. The pharmacy charges it’s customers in the program $12.99.  And then charges insurance companies (for instance, those participating in Medicare Part D) $300, of which the customer pays a $30 co-pay.

Cha-ching!

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