Rite Aid, in the course of ongoing bankruptcy proceedings, has sued CVS Caremark for charging around $500 million in clawbacks for prescriptions that were already filled and paid for. It said those penalties violated their contract and lined the PBM's pockets while also putting Rite Aid's competing stores in danger of closure. The legal complaint also says CVS took advantage of the harm caused by the clawbacks to make offers to buy struggling stores.
Rite Aid claimed that CVS' anticompetitive behavior drove it to close pharmacies in rural and urban areas. The chain has closed or sold around 1,100 stores in the last three years.
The complaint requests the court make CVS pay back the $500 million and triple that amount because they allege the conduct violates federal antitrust laws.
You can read more about the lawsuit at HEALTH CARE un-covered.
