Value News Articles - Oklahoma Insurance Department

OID Reaches $4.8M Settlement Agreement with CVS Caremark for Alleged Violations of the Patient’s Right to Pharmacy Choice Act, Dependent On Federal Court Decision

By: Value News | Category: Special Interest | Issue: January 2022

On January 20, 2022, the Oklahoma Insurance Department (OID) announced that the Department entered into a Settlement Agreement with CVS Caremark regarding its collection of transaction fees from pharmacies for Medicare Part D and ERISA plan claims. Under the terms of the agreement, CVS Caremark, a Pharmacy Benefits Manager (PBM), will pay the state of Oklahoma a total of $4.8 million to settle the violations. This will include $2.3 million for Oklahoma pharmacies and an additional $2.5 million in penalties.

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Stop Porch Pirates This Holiday Season

By: Value News | Category: Special Interest | Issue: December 2021

You know it’s that time of the year when packages of all shapes and sizes begin to litter your porch. This year, C + R Research reported that over 230 million US digital buyers would be shopping online, making it a busy time for package theft. With 43 percent of Americans citing themselves as victims of porch piracy, it’s safe to say that being aware is half the battle. The other half is doing something to prevent it.

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