How state employees might benefit from settlement with CVS Caremark

Oklahoma Attorney General Gentner Drummond says he’s reached a $32.1 million settlement with pharmacy benefit manager CVS Caremark after he alleged the company kept money that belonged to HealthChoice, the state’s employee health plan .

CVS Caremark manages prescription drug benefits for health plans, including HealthChoice. When drug companies give discounts and rebates for medications, CVS Caremark is supposed to pass that money on to HealthChoice. Instead, the state contends CVS kept millions of dollars that should have gone to help lower health care costs for state employees from January 2020 through December 2024.