Oklahoma to Pay Pharmacies $2.1M From CVS Caremark Settlement
Oklahoma Attorney General Gentner Drummond and Insurance Commissioner Glen Mulready announced Oct. 30 that the state will distribute more than $2.1 million in fines to more than 900 pharmacies from a 2022 settlement with CVS Caremark. The Oklahoma Insurance Department reached the settlement over allegations that Caremark assessed transaction fees against pharmacies in violation of state insurance law; restitution for the fees themselves has already been paid separately. The attorney general's office will contact eligible pharmacies using Oklahoma State Board of Pharmacy records and oversee payment. This is the third settlement between Oklahoma and CVS Caremark, bringing total payments to Oklahoma pharmacies to more than $7 million, following a $5 million settlement announced in December over alleged underpayment of pharmacies.