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Violation Tracker Individual Record

Company: CVS Caremark
Current Parent Company: CVS Health
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $4,800,000
Year: 2022
Date: January 20, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: CVS Caremark agreed to pay $2.3 million to Oklahoma pharmacies and $2.5 million in penalties in settlement of alleged illegal transactions fees charged by the Pharmacy Benefits Manager from pharmacies for Medicare and ERISA plan claims.
Level of Government: state
Action Type: agency action
Agency: Oklahoma Insurance Department
Civil or Criminal Case: civil
Facility State: Oklahoma
HQ Country of Current Parent: USA
HQ State of Current Parent: Rhode Island
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-pharmacies
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.