CVS cuts pharmacy reimbursements after announcing Aetna merger

It happened in Ohio, New York, Iowa, Arkansas, New Jersey and possibly other states. Pharmacy middleman CVS Caremark suddenly cut the reimbursements it paid community pharmacies for drugs, some of them far below pharmacists’ costs for potentially lifesaving medications.

Each of the cuts happened late last year or early this year — all within a few months of when CVS Health announced a merger with health insurer Aetna.

In a Columbus Dispatch review of data collected from 40 pharmacies, the numbers back up what lawmakers and critics said happened in the fourth quarter of 2017: CVS Caremark sharply reduced payments to pharmacies.

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