Company Directory - CVS Health Caremark Rx
Company Details - CVS Health Caremark Rx
CVS Health Caremark Rx
WebsiteCVS Health Caremark Rx is a leading pharmacy benefit manager (PBM) that operates as part of CVS Health. The company is focused on facilitating drug insurance and pharmacy services, helping to manage medication benefits for millions of members across the United States.
CCI Score
CCI Score: CVS Health Caremark Rx
-20.37
-4.33%
Latest Event
CVS PBM Pricing Practices Implicated in Fatal Inhaler Price Hike
A federal report and a family lawsuit highlight that CVS Health Caremark Rx, as one of the nation’s largest pharmacy benefit managers, has been implicated in practices that abruptly inflated life-saving drug prices without proper notice, contributing to tragic consequences for vulnerable patients.
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ACCOMPLICE
CVS Health Caremark Rx is currently rated as an Accomplice.
Latest Events
- JUN022025
A federal report and a family lawsuit highlight that CVS Health Caremark Rx, as one of the nation’s largest pharmacy benefit managers, has been implicated in practices that abruptly inflated life-saving drug prices without proper notice, contributing to tragic consequences for vulnerable patients.
- APR242025
CVS Health's profile data for the 2024 cycle shows campaign contributions of approximately $2.95 million and lobbying expenditures of about $9.46 million, highlighting significant political engagement that raises concerns about corporate influence in the political process.
-20
Political Contributions and Lobbying Efforts
June 2
The data from OpenSecrets indicates that CVS Health was involved in extensive political contributions and lobbying during the 2024 cycle. This level of financial engagement in politics is concerning from an anti-authoritarian perspective, as it can amplify corporate influence over policy and potentially support political systems that undermine worker and democratic rights.
- FEB272025
A federal court ordered CVS Caremark to comply with an FTC civil investigative demand related to alleged anticompetitive behavior. The order comes after CVS Caremark repeatedly attempted to delay or distract from regulatory oversight by using bad-faith arguments.
-70
Regulatory Capture
June 2
CVS Caremark's attempt to delay and quash a federal antitrust investigation suggests a pattern of regulatory evasion. This behavior aligns with practices associated with regulatory capture, undermining accountability and fair market practices, which can indirectly contribute to authoritarian tendencies by subverting oversight and the rule of law.
Federal court orders CVS Caremark to comply with antitrust investigation
- FEB062025
CVS Health published detailed compliance and ethics guidelines for its suppliers, mandating adherence to applicable anti-corruption laws such as the U.S. Foreign Corrupt Practices Act and the UK Bribery Act. The guidelines require accurate record keeping and ethical business practices, underscoring the company’s commitment to responsible supply chain management.
+70
Supply Chain Ethics
June 2
By enforcing strict ethical standards and demanding supplier compliance with anti-corruption laws, CVS Health is proactively ensuring its supply chain is not complicit in unethical practices that could indirectly support authoritarian or fascist behaviors. This measure supports ethical business practices and demonstrates a commitment to transparency and accountability within its operations.
- JAN012025
The FEC profile of CVS HEALTH PAC, associated with CVS Health Caremark Rx, details political fundraising and disbursement activities, including contributions to other committees. This event highlights CVS Health's use of corporate PAC funds to potentially influence political processes.
-10
Political Contributions and Lobbying Efforts
June 2
The disclosed financial data from the CVS HEALTH PAC shows corporate political contributions that, while not extreme in dollar amount, are indicative of standard corporate political activity. From an anti-fascist perspective, reliance on corporate PACs can help entrench oligarchic influence in politics, potentially undermining broader democratic engagement and workers’ rights.
- DEC122024
House Republicans initiated an antitrust investigation into CVS Caremark on December 12, 2024, alleging that the PBM may be leveraging its dominant market position to bar independent pharmacies from accessing digital pharmaceutical hubs, thereby stifling competition and innovation in the healthcare sector.
-50
Business Practices and Ethical Responsibility
June 2
The investigation centers on claims that CVS Caremark is engaging in unethical business practices by potentially using its market power to prevent independent pharmacies from utilizing cost-saving, innovative digital pharmacy services. This behavior raises concerns about fair competition and accountability in business practices, negatively impacting both consumer welfare and community healthcare.
REPORT: House Republicans Open Antitrust Investigation Against CVS Caremark
-30
Economic and Structural Influence
June 2
The investigation also highlights concerns regarding CVS Caremark’s extensive market influence, which can contribute to a consolidation of power that stifles healthy market competition and undermines economic innovation within the healthcare sector.
REPORT: House Republicans Open Antitrust Investigation Against CVS Caremark
- JAN012024
CVS Health published detailed disclosures outlining its political contributions, lobbying efforts, and internal oversight on its political activities in its 2024 reports. The company emphasizes transparency in reporting and compliance with federal and state laws, ensuring that its executive leadership and board set policies guiding these contributions.
+0
Political Contributions and Lobbying Efforts
June 2
CVS Health’s detailed disclosures about its political contributions and lobbying activities demonstrate adherence to legal and regulatory standards. While the transparency of these practices is a positive step in corporate accountability, the inherent use of corporate funds to engage in the political process remains a standard business practice without an overt anti-fascist or authoritarian skew.
- DEC312023
CVS Health’s 2023 political contribution report details a broad and significant pattern of donations by its employee Political Action Committees to both federal and state candidates and committees. Notably, the list includes contributions to Republican candidates—such as the $5,000 donation to a federal candidate associated with Cathy McMorris Rodgers—which can be interpreted as supporting political actors whose strategies and policies have been associated with authoritarian or far‐right tendencies. This kind of funding raises concerns on the extent of corporate influence in political processes, potentially enabling power dynamics that undermine anti‐fascist, progressive values.
-40
Political Contributions and Lobbying Efforts
June 2
The detailed report on political contributions shows that CVS Health is actively funding a wide spectrum of political actors, including those with far‐right leanings. From an anti‐fascist perspective, supporting candidates linked to authoritarian policies is concerning. The significant amounts contributed, particularly to Republican candidates and committees that may endorse such policies, contribute negatively to democratic accountability and work against progressive, worker-friendly interests.
- OCT052023
A civil rights complaint has been allowed to proceed by the Rhode Island Commission for Human Rights against CVS Caremark. The complaint alleges that CVS' online job application collects sensitive mental health information and could be used to discriminate against applicants with mental impairments, potentially violating state anti‐discrimination laws. The ACLU has indicated it may sue the company if these practices are confirmed.
-80
Labor Relations and Human Rights Practices
June 2
The complaint indicates that CVS Caremark's online job application may be used to collect personal mental health information, which could lead to discriminatory practices against individuals with mental disorders. This raises serious concerns about the company’s commitment to fair labor practices and protecting marginalized communities, aligning with broader anti-discrimination principles.
- MAR282019
CVS Health (CVS Caremark) joined the Responsible Factory Initiative, a leading program under the Responsible Business Alliance, to provide training and tools for its global suppliers and factories. The initiative focuses on mitigating risks such as forced labor, poor health and safety standards, and environmental unsustainability, reflecting the company's commitment to ethical sourcing.
+80
Supply Chain Ethics
June 2
By joining the Responsible Factory Initiative, CVS Health is taking significant steps to address ethical concerns in its supply chain, such as forced labor and environmental degradation. This move supports fair labor practices and improved working conditions, which are aligned with anti-fascist and progressive values.
Strengthening Our Commitment to Ethical Sourcing Across Our Supply Chain
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Corporate Financials
- Revenue
- 2025
- $108.23B
- Total Assets
- 2025
- $169.00B
- Operating Income
- 2025
- $7.50B
- Total Equity
- 2025
- $47.90B
Employees: 300,000
Industries
- 424210
- Drugs and Druggists' Sundries Merchant Wholesalers
- 524114
- Direct Health and Medical Insurance Carriers
- 621111
- Offices of Physicians (except Mental Health Specialists)
- 621399
- Offices of All Other Miscellaneous Health Practitioners
- 621610
- Home Health Care Services