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The state announced victory in a multimillion-dollar lawsuit brought by Nevada developer DW Aina Leʻa Development, LLC, surrounding the Villages at Aina Leʻa project in Waikōloa on Feb. 13.
The complaint alleges that the pharmacy benefit managers’ business practices have driven skyrocketing prices for brand-name prescription medications over the past decade. These practices include charging drug manufacturers “rebates,” which are payable directly to the pharmacy benefit managers, in exchange for the favorable placement of drugs on the pharmacy benefit managers’ formularies – a ranked list of prescription medications covered by insurance.