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CVS Strangled, Then Swallowed, Rite Aid
Just days after CVS Caremark was slapped with a $290 million fine for defrauding Medicare, bankruptcy trustees representing Rite Aid sued the pharmacy benefit manager for nearly twice that amount for allegedly operating an unlawful and anticompetitive prescription drug profit “scheme.” The new complaint filed this month asserts that CVS Caremark “devastated” Rite Aid by overcharging an estimated $500 million in fraudulent “clawback” penalties — fees that CVS Caremark...
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