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CVS: We haven't stopped price cuts on drugs

A prescription pill bottle from CVS
Photo: John Tlumacki/The Boston Globe via Getty Images

CVS Health pushed back today against Health and Human Services Secretary Alex Azar's claims that pharmacy benefit managers are stopping drug companies from lowering their prices.

Why it matters: The political battle between drugmakers and PBMs, which act as middlemen in the supply chain, is fierce — and the Trump administration has singled out PBMs for most of its criticism. But CVS Health, one of the country's biggest PBMs, is trying to put the onus back on pharmaceutical companies.