NEW YORK (AP) — CVS Caremark Corp. cut back on its lobbying expenditures in the third quarter, but still spent $2.2 million as it discussed issues including prescription drug costs and pharmacy benefits management laws with the federal government.

The drugstore operator and pharmacy benefits manager said its lobbying costs were down 13 percent from the third quarter of 2010, when it spent $2.6 million. It spent $2.3 million in the second quarter of 2011. CVS Caremark said its lobbying interests included health insurance regulations, laws related to mail order prescriptions and generic drugs, drug safety, and antitrust exemptions for pharmacies. It also lobbied on laws that would require pharmacy benefits management companies, or PBMs, to disclose pricing and contract information. CVS and its competitors sometimes refer to those provisions as “anti-PBM legislation.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Peter Westerman


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.