CVS UNH NVO CVS Health's (CVS) Caremark has finalized a settlement with the U.S. Federal Trade Commission in which it agreed to curb use of
CVS UNH NVO CVS Health's (CVS) Caremark has finalized a settlement with the U.S. Federal Trade Commission in which it agreed to curb use of after-market discounts known as rebates and count consumers' TrumpRx purchases toward their deductibles, an FTC spokesperson said on Tuesday. Similar to Cigna's settlement with the FTC earlier this year, the deal would curb practices critics say contribute to high drug costs. It would also require CVS' Caremark pharmacy benefit manager to include a patient's payments through the TrumpRx drug website toward the deductibles some of its health plans require, once regulations are in place to facilitate the TrumpRx program. The settlement is expected to bring billions of dollars in savings on drug prices, FTC Chairman Andrew Ferguson said in a statement. “The FTC under President Trump won’t stand for anticompetitive behavior that drives up prices for American consumers,” Ferguson said. per Reuters
CVS UNH NVO CVS Health's (CVS) Caremark has finalized a settlement with the U.S.
Federal Trade Commission in which it agreed to curb use of after-market discounts known as rebates and count consumers' TrumpRx purchases toward their deductibles, an FTC spokesperson said on Tuesday.
Similar to Cigna's settlement with the FTC earlier this year, the deal would curb practices critics say contribute to high drug costs.
It would also require CVS' Caremark pharmacy benefit manager to include a patient's payments through the TrumpRx drug website toward the deductibles some of its health plans require, once regulations are in place to facilitate the TrumpRx program.
The settlement is expected to bring billions of dollars in savings on drug prices, FTC Chairman Andrew Ferguson said in a statement. “The FTC under President Trump won’t stand for anticompetitive behavior that drives up prices for American consumers,” Ferguson said. per Reuters