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340B Investigation: US Sen. Cassidy Expands Probe To Contract Pharmacies, Targeting CVS, Walgreens

 
• By Cathy Kelly

Ranking Republican on Senate HELP Committee seeks detailed information on companies’ 340B operations, revenue sources and whether discounts are shared with patients.

CVS And Walgreens Are Leading Contract Pharmacy Participants In 340B • Source: Shutterstock

Senate Health, Education, Labor and Pensions Committee ranking Republican Bill Cassidy, LA, is targeting heavyweights CVS Health Corp. and Walgreens in the latest step in his ongoing investigation into potential provider abuses of the 340B drug discount program.

Cassidy has contacted CVS Health and Walgreens because they are the two largest 340B contract pharmacy participants and he wants to understand "how these companies generate revenue from 340B, and...

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