CVS to change how it prices prescription drugs with new pharmacy reimbursement model (CNBC)

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    CVS to change how it prices prescription drugs with new pharmacy reimbursement model – By Annika Kim Constantino (CNBC) / Dec 5, 2023

    • CVS Health said it will revamp how it prices prescription drugs, doing away with a complex model that typically determines how much pharmacies get reimbursed and how much patients pay for medications.
    • The new effort makes CVS the latest company to try to upend the traditional prescription drug pricing system, which has faced years of political scrutiny for what critics call a lack of transparency and inflated health-care costs for U.S. consumers.
    • CVS will launch a new model for reimbursing its pharmacies on Jan. 1, 2025, executives said during the company’s 2023 investor day.

    CVS Health on Tuesday said it will revamp how it prices prescription drugs and scrap a complex model that typically sets how much pharmacies get reimbursed and what patients pay for those medications.

    The new effort makes CVS the latest company to try to upend the traditional prescription drug pricing system, which has faced years of political scrutiny for what critics call a lack of transparency and inflated health-care costs for U.S. consumers.

    CVS will launch a new model for reimbursing its pharmacies on Jan. 1, 2025 for commercial payors, executives said during the company’s 2023 investor day.

    CONTINUE > https://www.cnbc.com/2023/12/05/cvs-to-change-how-it-prices-prescription-drugs.html

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