I love cvs

Started by VictorOfHungerGames
Get help with your application

Use all the free resources available to you from SDN: articles, guides, expert advising, forums discussions, and school research.

Browse articles Compare schools My application plan Read Interview Feedback
Practice for interviews Ask an Advisor
If I owned a company and had to pay myself I would pay myself more and others less. Cvs is a douch bag but that’s what most people would do.
 
When CVS owns CVS Caremark and Aetna of course CVS pharmacies are going to get better reimbursements on the medications they dispense. I was surprised at the huge difference in reimbursement between the pharmacies though.
 
dmd20000 said:
When CVS owns CVS Caremark and Aetna of course CVS pharmacies are going to get better reimbursements on the medications they dispense. I was surprised at the huge difference in reimbursement between the pharmacies though.
Click to expand...
Right, but the problem is in many states, this is illegal.

www.pbmwatch.com

PBM Legislation

Current Legislation: On October 10th, 2018, the Patient Right to Know Drug Prices Act became law. The Senate approved it by a 98-2 vote, and President Trump signed it into law. It prohibits gag...
www.pbmwatch.com
 
For example...

Tennessee:
HB 786 (2019): Approved on 5/29/2019. This bill forbids a PBM from reimbursing a pharmacy or pharmacist for a drug in an amount less than the covered entity or PBM reimburses itself of an affiliate for providing the same drug.
 
I believe part of their agreement to the FTC when they approved the merger was that Caremark have to reimburse CVS pharmacies the same as other pharmacies.

The problem with that now is it doesn’t matter what they reimburse their regular pharmacies. Reimbursing their stores at a loss allows them to say they are not “profitable”, cut hours, avoid taxes, and get tax deductions.

Meanwhile Caremark profits can be shifted to tax states where they avoid paying taxes. It’s all a numbers game.

I am guessing Arkansas is a tax friendly state for them to be giving their pharmacies that much extra in reimbursement. In NY, most of the scripts filled are at a loss or break even.

Damn if you do, damn if you don’t.

Only way to win is to get rid of PBMs together.
 
Aznfarmerboi said:
I believe part of their agreement to the FTC when they approved the merger was that Caremark have to reimburse CVS pharmacies the same as other pharmacies.

The problem with that now is it doesn’t matter what they reimburse their regular pharmacies. Reimbursing their stores at a loss allows them to say they are not “profitable”, cut hours, avoid taxes, and get tax deductions.

Meanwhile Caremark profits can be shifted to tax states where they avoid paying taxes. It’s all a numbers game.

I am guessing Arkansas is a tax friendly state for them to be giving their pharmacies that much extra in reimbursement. In NY, most of the scripts filled are at a loss or break even.

Damn if you do, damn if you don’t.

Only way to win is to get rid of PBMs together.
Click to expand...
Correct me if i'm wrong but I think Oklahoma or Kansas is trying to pass a law to make PBMs obsolete or prohibit PBMs in medicaid/medicare. This would benefit literally everyone haha
 
You must log in or register to reply here.