CVS Unveils Plan to Transform Drug Pricing

On Tuesday, CVS Health unveiled its plan to overhaul drug pricing at its roughly 9,500 retail pharmacies, of which 466 are PA locations. According to the company, CVS CostVantage “evolves the traditional pharmacy reimbursement model and brings greater transparency and simplicity to the system. CVS CostVantage will define the drug cost and related reimbursement with contracted pharmacy benefit managers (PBMs) and payors, using a transparent formula built on the cost of the drug, a set markup, and a fee that reflects the care and value of pharmacy services.”

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