CVS Caremark To Halt Coverage For 17 Drugs

Law360, New York (July 12, 2012, 7:59 PM EDT) -- CVS Caremark Corp. said Thursday it would stop covering 17 prescription medicines next year under its pharmacy benefit management business as it tries to discourage treatment with higher-cost therapeutics and fights back against money-losing coupons for brand-name drugs.

The company cast the move as essential to controlling costs in a management business that serves corporate clients and health plans with 60 million members.

Several of the drugs being removed from the company’s preferred drug list have “very low utilization,” CVS said. Half of them have coupon...
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