CVS Caremark Not Giving FEHBP Enrollees Best Prices on Many Generics, Report Says

CVS Caremark, which manages prescription drugs for Blue Cross Blue Shield, the largest insurance provider in the Federal Employee Health Benefits Program, has failed to offer its lowest prices to FEHBP enrollees on hundreds of generic drugs, according to a February 2010 report from the Change to Win labor coalition.

“Any person who enrolls in the generic discount program offered at CVS’s retail pharmacies can purchase hundreds of prescription drugs for significantly lower prices than CVS Caremark charges the government and federal employees in the [FEHBP] for those same drugs, even though CVS Caremark is paid to reduce drug costs ...