Feb 17 CVS Caremark Corp said it
received requests for information about a prescription drug
discount program it runs for uninsured or under-insured
individuals from both the U.S. government and the Texas Attorney
In January, CVS received a subpoena from the U.S. Office of
Inspector General requesting information about the company's
Health Savings Pass program, CVS said in its 10k filing on
The company, which runs the CVS pharmacy chain and the CVS
Caremark pharmacy benefits management service, said the request
was connected to an investigation of possible false or otherwise
improper claims for payment involving Health & Human Services
In February, CVS received a civil investigative demand from
Texas' Office of the Attorney General. That office requested a
copy of information from the OIG subpoena and other information
related to prescription drug claims submitted by CVS pharmacies
to Texas Medicaid for reimbursement, the company said.
CVS said it would respond to the requests for information
and cooperate with both investigations.
CVS markets its Health Savings Pass, which has a $15 annual
fee, to people who do not have prescription drug coverage and to
those who have limited coverage.
The Health Savings Pass lets patients fill 90-day
prescriptions for 400 generic drugs for $11.99. Participants
also get discounts such as 10 percent off visits at the CVS
in-store health clinic, MinuteClinic and 10 percent off an
annual flu shot.
The announcement comes about a month after CVS agreed to pay
$5 million to settle charges of inaccurate pricing of some drugs
for the elderly and disabled, ending a wide-ranging, multi-year
probe into its business practices.
Shares of CVS closed down 28 cents at $44.27, after reaching
a new high of $45 earlier in the day.