Whatever money CVS will lose by giving up the current system will likely have to be made up by charging clients more in flat fees. (Photo: AP)
On Wednesday CVS announced a major change to its pharmacy benefit management services that it says will promote transparency and lower prices for the employer-sponsored health plans that it serves.
The pharmacy giant's PBM business will begin to offer clients a new pricing model where it will disclose any rebates that it receives from drug-makers and pass those savings on to the plan sponsor. Whether or not patients get a taste of the savings is up to their employers.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
