Prescription drug savings
We work hard to keep prices down because we know that people who take their medications as prescribed have better outcomes and lower health care costs. CVS Caremark® has pioneered bold approaches to reduce prescription drug costs for our clients and members. Our efforts help more than 100 million people get the medications they need at prices they can afford.
How we save you money
With more treatment options for many diseases, health care is becoming more complex than ever before. Research shows that 24% of Americans find it hard to afford prescriptions and 29% skipped doses because of costs
At our core, we do this on behalf of our clients and members by negotiating directly with pharmaceutical companies to secure the lowest possible price for drugs. We work hard to keep prices down because we know that people who take their medications as prescribed have better outcomes and lower health care costs. We also work with our clients on the designs of their prescription drug benefit plans to best enable them to pass along the value of their negotiated savings to their members. This means, you as a member pay less out of pocket.
Savings tools for members
CVS Caremark members, their prescribing physicians and their pharmacists all have immediate access to real-time prescription benefit information, showing them how much a specific drug will cost under their plan. With this information at-hand, physicians and pharmacists can identify an alternative medication within the member’s formulary that is clinically appropriate, if necessary.
When members switch medications using real-time prescription benefits, they save $120 to $130 per prescription, on average.
A focus on specialty medicines
Patients taking specialty medicines, which can be complex to administer, as well as expensive, deserve special attention. We do more than just dispense specialty drugs. We are partners in care. Our specially trained pharmacists and nurses help patients start and stay on the best medications to manage their conditions. Our experts educate patients about how to use their medicines appropriately and what side effects or symptoms to watch out for — helping them live more comfortably while reducing unnecessary health care costs. We also offer digital tools that streamline the insurance approval process and speed access to needed drugs.