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Legislation would restrict ‘spread pricing’ on meds

While prescription drug costs have been steadily increasing, the reimbursements paid to the pharmacies have been decreasing. The math isn’t adding up. But this contradiction is...

CVS Weight Management participants achieve more than 15% weight loss

WOONSOCKET – Participants in the CVS Weight Management program achieved more than 15% weight loss on average, according to program results recently released by...

DeVaney named permanent president of CVS Caremark

WOONSOCKET – Months after taking over as interim CVS Caremark president, Ed DeVaney will now have the position permanently.  DeVaney took the position in December...

CVS launches new app to make health care more accessible, affordable

WOONSOCKET – CVS Health Corp. recently launched a new app meant to make health care more accessible, affordable and convenient and make store visits...
PHARMACY BENEFIT MANAGERS such as CVS Caremark, which is owned by CVS Health Corp, are being accused to wielding enormous power over prescription drug prices. / AP FILE PHOTO/CHRIS CARLSON

Are PBMs forcing out small drugstores, inflating medication prices?

Pharmacy benefit managers say they protect against prescription drug prices from rising exorbitantly high, but these companies – such as one operated by CVS...

Lynch out as CEO of CVS Health; Joyner named new leader

WOONSOCKET – CVS Health Corp. has named David Joyner its CEO and president effective Thursday, replacing Karen Lynch, who stepped down from her position...
ALAN LOTVIN has been named president of CVS Caremark. / COURTESY CVS HEALTH CORP

CVS shuffles executive roles with drug-plan chief set to depart

NEW YORK – CVS Health Corp. unveiled a series of management changes, including appointing a new chief for its pharmacy-benefit management business, as the...

CVS is Purdue’s largest listed creditor

NEW YORK – Purdue Pharma LP told a bankruptcy court it owes almost $100 million to pharmacy-benefit managers, drug distributors and state health departments in...
Dr. Sree Chaguturu has been named chief medical officer for CVS Caremark. / COURTESY CVS HEALTH

Chaguturu named CMO for CVS Caremark

PROVIDENCE – Dr. Sree Chaguturu has been named chief medical officer for CVS Caremark, CVS Health Corp.’s pharmacy benefits management business, the company announced...
LARRY J. MERLO, CEO and president of CVS Health, saw his pay nearly double in 2018 over his 2017 total, even as the company posted a loss last year. / COURTESY CVS HEALTH

CVS’ Merlo earns $21.9M in 2018 as company absorbs Aetna

WOONSOCKET – CVS Health Corp. President and CEO Larry J. Merlo earned $21.9 million in 2018, nearly double what his total compensation was in...
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