Key Highlights
- Commitment to affordability: Average out-of-pocket cost under $8 for a 30-day supply.
- Promotion of lowest net cost drugs: Ensuring cost-effective options for clients.
- Enhanced transparency: Introduction of the TrueCost™ solution.
- Improved pharmacy relations: Seamless transactions and transparent reimbursements.
- Direct rebate value to patients: Savings returned at the pharmacy counter.
Source: PR Newswire
Notable Quote
- “Our work is rooted in greater simplicity and transparency for those who pay for pharmacy benefits, for people who take medicine, and for the pharmacies that serve our patients. We all want affordable access to prescription drugs, and Caremark will continue to drive down costs, improve care, and accelerate transparency.” — David Joyner, President at CVS Caremark
SoHC's Take
CVS Caremark’s renewed pledge is a significant step towards enhancing the transparency and affordability of pharmacy benefits in the United States. By focusing on promoting generics, advocating for low net cost drugs, and introducing innovative solutions like TrueCost™, CVS Caremark is setting a benchmark in the industry. Their commitment to passing savings directly to patients at the pharmacy counter and fostering better relations with rural and independent pharmacies is commendable. This approach not only aims to lower drug costs but also ensures that quality care remains accessible to all Americans. As drug prices continue to rise, CVS Caremark’s proactive measures could be pivotal in providing affordable healthcare solutions to millions.
