While the closures may seem drastic, CVS remains a very profitable company. CVS also owns the nation's largest plan benefits manager, Caremark. Caremark/CVS controls 34% of the prescription business in the country.
A Bayville man, who was once employed as a pharmaceutical sales representative, is facing a possible 10-years in prison for his role in an elaborate health care fraud scheme that featured several HIPAA violations.
CVS has over 100 stores in New Jersey. CVS has over 100 stores in NJ. But, with the drug store giant announcing the planned closing of 900 stores nationwide, we can't help but wonder how many locations in the Garden State could be affected.
Four people including two from Marlboro have been charged for their roles in conspiracies to commit health care fraud, wire fraud and pay kickbacks to doctors and doctors' employees.
New Jersey and a coalition of 43 other states have filed a lawsuit accusing 20 generic drug companies of conspiring to artificially inflate the prices of over one hundred generic drugs.