When Big Pharma Goes High (Price), We Go Low (Cost)
Article excerpt
When Big Pharma goes high (price), CVS Health Corporation go low (cost). The problem with drug prices is that the makers of drugs set their prices too high. The solution is increasing competition and the work PBMs do everyday - negotiating on behalf of employers and government health programs to reduce those prices. When CVS Health Corporation sit across the table from employers and government payors who are trying to make medicines affordable for their employees and members, they are well aware drugmakers are solely responsible for making medicine unaffordable. They also know what CVS Health Corporation do every day to drive down costs. That simplicity is lost in the broader discussion, where Big Pharma would like anyone else to be blamed as they throw out all kinds of disinformation and mischaracterizations. That doesn't change the bottom line: drugmakers are putting medicine out of reach. Big Pharma has sent their lobbyists into overdrive over the past decade, spending tens of millions of dollars on ad campaigns that shift blame as to why medicine is more expensive here than elsewhere. When you hear misleading messages like this, remember pharma companies alone set and raise the list price of drugs in the United States. Its Caremark customers hire CVS Health Corporation to push back against pharma's US price-gouging, and they appreciate the savings CVS Health...
Keep reading with a free account
The rest of this article, and every signal for CVS, is in your free account.
Extracted from this sentence
CVS Caremark has launched several initiatives to drive greater affordability for individual patients, greater price transparency for the organizations that hire CVS Health Corporation, and financial protection for the independent pharmacies around the country that serve its members.
