Aggrostats

Louisiana Attorney General Liz Murrill today announced the resolution of three separate lawsuits filed against CVS Health and its related pharmacy benefit manager subsidiary, resulting in a significant financial recovery for the State of Louisiana and its taxpayers.

This settlement resolves suits filed by Attorney General Murrill against CVS regarding the following issues:

• Various allegations related to consumer communications on pending legislation
• Various alleged regulatory issues in PBM practices by CVS
• Alleged harm to Louisiana’s independent pharmacies due to unfair competition

This resolution results in $45 million in settlement funds to the State.

These funds will be used to implement pharmacy benefit legislation and Medicaid fraud initiatives in collaboration with the Inspector General and the Louisiana Department of Health.

“These cases involved conduct directly impacting Louisiana citizens. Rather than prolonging litigation, which could have extended several years, we worked with CVS to reach a resolution that serves the best interests of Louisiana. The funds will be used to further ensure accountability in pharmaceutical pricing and PBM industry practices,” said Attorney General Murrill.

Attorney General Murrill noted that the CVS was cooperative throughout the process and committed to being a constructive partner in Louisiana’s health care system.

The settlement resolves the matters without any admission of liability or wrongdoing by the companies.