Drugstores – MOSAEC

The Powerful Companies Driving Local Drugstores Out of Business

The biggest pharmacy benefit managers are profiting by systematically underpaying independent drugstores, creating “pharmacy deserts” across the country.

By Reed Abelson and Rebecca Robbins

Appointments and Executive Changes Company Reports CVS Caremark Corporation Drugs (Pharmaceuticals) Drugstores Health Insurance and Managed Care Lynch, Karen S (1963- ) Shopping and Retail Stocks and Bonds

CVS Ousts Karen Lynch as C.E.O. and Shares Fall

Shares of the health care conglomerate dropped after the sudden departure of Karen Lynch and a downbeat update on the state of the company’s finances.

By Danielle Kaye

Biden, Joseph R Jr Democratic Party Drugs (Pharmaceuticals) Drugstores Harris, Kamala D Health Insurance and Managed Care Inflation Reduction Act of 2022 Insulin Insurance Medicare Patient Protection and Affordable Care Act (2010) Presidential Election of 2024 Prices (Fares, Fees and Rates) Republican Party Trump, Donald J United States Politics and Government

On Drug Prices, Harris Pushes for Deeper Cuts While Trump Offers Few Specifics

Both have campaigned for lower prescription costs. Kamala Harris has promised to expand President Biden’s policies. Donald Trump is a wild card.

By Reed Abelson and Rebecca Robbins

CIGNA Corporation CVS Caremark Corporation Drugs (Pharmaceuticals) Drugstores Express Scripts Inc Federal Trade Commission Health Insurance and Managed Care Insulin Khan, Lina Presidential Election of 2024 Prices (Fares, Fees and Rates) Regulation and Deregulation of Industry Suits and Litigation (Civil)

F.T.C. Accuses Drug Middlemen of Inflating Insulin Prices

The case takes aim at the major pharmacy benefit managers, agency officials said, claiming that they favored more expensive insulin products and forced patients to pay more.

By Reed Abelson and Rebecca Robbins

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