Pharmacy benefit managers have received growing scrutiny on both a state and national level for the effect many claim they have on driving up drug prices. Local pharmacy owners testified at recent committee hearings that they are being squeezed through the price of acquiring drugs wholesale and dispensing them.
CVS
Walgreens will begin dispensing the medication within a week at some locations in several states, including Illinois.
CVS, Walgreens and Rite Aid are eliminating some locations as they face rising competition for these items from Amazon, big-box stores with pharmacies like Walmart, and Dollar General in rural areas.
The agency said the products are illegally marketed to treat conditions including conjunctivitis — known as pink eye — glaucoma and cataracts, and some of the warnings cited sterility issues with the products.
Oak Street runs care centers mostly for lower-to-middle income people with Medicare Advantage plans. Those are privately run versions of the federal government’s program for people aged 65 and older.
Two of the largest U.S. pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle Wednesday to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids, and a lawyer said Walmart is in discussions for a deal.
Walgreens and CVS try to fend off competition from Amazon. Reporter Bruce Japsen joins us for a look at possible shifts in the pharmacy business.
In a major announcement from the nation's second largest pharmacy chain, CVS said it will stop selling tobacco products at its 7,400 stores later this year. We tell you about the huge economic impact it's going to have on the chain, and what Deerfield-based Walgreens had to say in response. Read statements in reaction to the news.
CVS has opened a massive mail order pharmacy in Mount Prospect. We tour the facility and hear what the company's CEO has to say about the impact of the Affordable Care Act.
It's increasingly becoming the new doctor's office -- but without doctors. They are health clinics at retail stores. Eddie Arruza tells us why more people with everyday illnesses are opting to go to their local drugstore or big box chain for treatment.