CVS Health Ordered to Pay Almost $290M for Medicare Fraud
A federal judge has ordered CVS Health’s Caremark division to pay approximately $290 million after determining that the company overcharged Medicare for prescription drugs. Philadelphia’s Supreme Court Justice Mitchell Goldberg raised the initial damages from $95 million to about $285 million, adding a civil penalty of $4.87 million under the False Claims Act. Healthcare companies […]
CVS is unable to secure opioid coverage from AIG and Chubb, according to a Delaware court
CVS Health Not Entitled to Compensation for Opioid Claims CVS Health has been determined not to receive compensation from various American international groups or insurers, including Chubb. A decision from the Delaware Supreme Court established that the claims against CVS from the government, hospitals, doctors, and benefits plans were focused on economic losses, not on […]
Kratos and CVS Health receive upgrades: Leading analyst recommendations
The latest buzz in Wall Street research seems to center around a few key companies. Here’s a rundown of today’s highlighted research calls that investors might want to pay attention to: Top 5 Upgrades: Baird has upgraded CVS Health (CVS) from neutral to outperform, raising its price target from $71 to $82. The company is […]
CVS worker criticizes DA Alvin Bragg for prosecuting him in self-defense case.
Enough is enough. A former CVS employee criticized Manhattan District Attorney Alvin Bragg for his handling of a violent shoplifter’s case, expressing frustration over being charged instead of being supported as a diligent New Yorker. “I don’t know why he decided to bring the case to me, but I feel that this case should not […]
CVS Caremark replaces Zepbound with Wegovy on its preferred medication list, requiring patients to change.
CVS Caremark Drops Zepbound, Shifts to Wegovy for Weight Loss Many patients using GLP-1 medications for weight loss are navigating a frustrating shift due to changes in insurance coverage. With CVS Caremark, one of the major pharmacy benefit managers in the U.S., announcing it will discontinue coverage for Zepbound (Tirzepatide) as of July 1, this […]
CVS employee Scotty Enoe testifies at manslaughter trial for the fatal stabbing of a disturbed homeless man.
CVS Worker Testifies in Manslaughter Case A tearful CVS employee recounted his experience during a manslaughter trial, saying he used a knife to defend himself against an attacker. The incident occurred in July 2023, when Scott Enoe, 48, described how he had to “jab” a man who was violently assaulting him in a midtown store. […]
Witnesses describe the frightening incident when a NYC shoplifter threatened, ‘I can kill you all,’ before a CVS employee fatally stabbed him, according to testimony.
A man who was known for shoplifting made a shocking outburst, yelling, “I can kill y’all,” just before he was fatally stabbed by a CVS employee in a Times Square store. This incident involves Scotty Enoe, whose trial is currently hearing testimonies regarding the chaotic events leading up to the attack by Charles Brito, a […]
CVS employee was ‘being assaulted’ before fatally stabbing NYC shoplifter in self-defense, according to attorney
A defense attorney claimed on Wednesday that CVS employees acted within their rights when a store worker fatally stabbed a habitual shoplifter in Midtown. The lawyer argued that the incident escalated after the shoplifter, Charles Burrito, 50, struck the employee, Scotty Enoe, on the head. Enoe, 48, used a pocket knife to stab Burrito multiple […]
J.J. Spaun’s US Open victory started with an unplanned stop at CVS
JJ Spaun, the new champion, had quite the chaotic experience before clinching his first major victory on Sunday. After finishing a roller coaster final round, he talked to the media at Oakmont, noting that he had five bogeys on the front nine, yet managed to pull together a 1-under par total by the end. “This […]
Rite Aid transfers 1,000 pharmacies to CVS and Walgreens following its second bankruptcy filing
Rite Aid Sells Pharmacy Services Nationwide Rite Aid has made a significant move by selling pharmacy services at over 1,000 locations across the country to competing chains. This includes major players like Albertsons, Kroger, and Giant Eagle, who have acquired several struggling stores after these drugstore chains filed for bankruptcy. Rite Aid’s CEO, Matt Schroeder, […]