COVID Stimulus Watch Individual Entry
Recipient Company:
CVS PHARMACY
Grant Amount:
$7,175,481
Recipient Details
Ownership Structure: publicly traded (ticker symbol CVS)
Facility City: STEPHENS CITY
Facility State: VA
Award Details
Award Date: Jul 29, 2021
Award Type: grant
Award Details: Award amount is the total of reimbursements for testing, treatment, and vaccinations. Claims paid for testing: $0; Claims paid for treatment: $0; Claims paid for vaccine: $7,175,481
Program Name: COVID-19 Claims Reimbursement to Health Care Providers and Facilities for Testing and Treatment of the Uninsured Program ($500,000 and up)
Legislation: CARES
Awarding Agency: Health and Human Services Department
Data Source for Award:
https://data.cdc.gov/Administrative/Claims-Reimbursement-to-Health-Care-...
Parent Company Data
Parent Company: CVS Health
Headquartered in: Rhode Island
Parent Sector: retailing
Parent Industry: retail-pharmacies
Employees (prior to pandemic): 290,000
Accountability Issues Since 2010
Employment-related Penalties: $100,794,503
Government-contracting-related Penalties: $247,864,230
Environmental / Healthcare / Safety Penalties: $297,164,826
Consumer Protection / Financial / Competition-related Penalties: $94,672,555
Ratio of CEO Pay to that of Median Worker: 790 to 1
CEO Compensation: $36,466,470
Worker Median Pay: $46,140
Total Federal, State, and Local Subsidies: $176,663,665
Federal Corporate Income Tax Rate: 21.0%
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