• CVS Health Promises a New Drug Plan to Pass All Rebates Along to Consumers

    12 days ago - By Fortune

    Amid deepening criticism of the pharmaceutical industry and drug prices, CVS Health announced a new prescription plan “guaranteed net price” model through a press release.
    CVS Health claims the approach will be “a simpler economic model... to provide predictable drug costs” to consumers, said Derica Rice, president of the company's CVS Caremark division, in the statement.
    What that means is that CVS Caremark would pass through rebates, discounts, and other fees paid by drug companies to pharmacy benefit management companies, or PBMs. There has been growing criticism that the PBMs and...
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  • CVS offers 'guaranteed net cost' for pharmacy benefit clients

    12 days ago - By Reuters

    Pharmacy chain and benefits manager CVS Health Corp on Wednesday said as of Jan. 1 it will offer a new prescription benefit option guaranteeing its health plan clients 100 percent of any rebates, discounts or other fees paid by drugmakers.
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