RIPR News
1:20 pm
Fri June 18, 2010

Walgreen's, CVS end dispute

Providence, R.I. – A dispute that would have prevented around 24,000 Rhode Islanders from filling their prescriptions at Walgreen's pharmacies has been resolved. Woonsocket based CVS/Caremark and Walgreen's companies announced today that they have reached a new contract agreement.

Last week, Walgreen's decided to stop using the pharmacy benefits management services offered by CVS/Caremark. Walgreen's complained that CVS/Caremark was offering unfair reimbursement rates and was trying to steer Walgreen's customers towards getting their prescriptions from CVS instead.

CVS responded by canceling all existing plans at Walgreen's.

CVS/Caremark manages prescription plans for Blue Cross Blue Shield of Rhode Island, so the decision would have prevented all Blue Cross members from getting their prescriptions at Walgreen's.

CVS/Caremark and Walgreen's will not disclose the terms of their new contract.