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CVS Health PBM clients achieve lowest drug trend in four years
WOONSOCKET, R.I. — CVS Health’s pharmacy benefits management clients achieved the lowest drug trend in the past four years, despite rising drug prices. CVS Caremark clients saw their prescription drug trend drop to an average of 3.2% compared to 5.0% in 2015, according to the company. In addition, 38% of CVS Caremark commercial clients achieved a negative trend, which means they actually spent less on their prescription benefit in 2016 than they did in 2015, despite rising drug prices. Out-of-pocket costs for members also dropped 3.0% compared to the previous year.
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CVS commits $10M to eradicate tobacco use among nation’s youth
WOONSOCKET, R.I. — CVS Health will spend $10 million in new and expanded partnerships and programs to launch the second year of Be The First, its five-year, $50 million commitment in an effort to help deliver the nation’s first tobacco-free generation.