wo of the nation’s largest pharmacies – CVS (CVS) and Walgreens (WBA) – are accused of overcharging consumers who used insurance to pay for some generic drugs and did not disclose that paying cash would be cheaper, according to separate lawsuits filed in federal courts this week.

In both suits, consumers contend the pharmacy chains made agreements with pharmacy benefit managers, or PBMs — which negotiate with drug makers for preferred insurance coverage on behalf of health plans — to sell certain medicines at a higher price if customers pay with insurance.

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  • Was told about this years ago from a friend who worked @ CVS. Although she wasnt told by management, she would often let the customers know that certain meds were cheaper if paid as cash only. Always seemed fishy to me but didnt think much of it until now. Definitely going to show her this.

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