New Congressional Report Details How Vertical Integration Hurts Independent Pharmacy

The House Judiciary Committee today released an interim staff report "When CVS Writes the Rules: How CVS Protects Itself From Innovation and Competition," unveiling how CVS Health leveraged its PBM and adjusted its business practices to eliminate independent pharmacy competition.

As the Committee's press release points out, "CVS Health's own CEO characterized his company's actions best by writing: 'another example of a large PBM not allowing the small guys to compete.'"

To read the press release, click here. To read the full report, click here.