3 ms·
They said they would take a $2bn hit to annual revenue [1] when they originally announced this. But I imagine long-term the issue is that having acquired a pha
by ben1040 11y ago
They said they would take a $2bn hit to annual revenue [1] when they originally announced this. But I imagine long-term the issue is that having acquired a pharmacy benefits management company, they maybe determined that a plan member who doesn't smoke is a plan member who is more profitable?
CVS's PBM subsidiary last year was also proposing charging an additional fee to members who filled their prescriptions at pharmacies that also sold tobacco.[2] Not sure if this ever happened or not; that seems anti-competitive. I don't see why filling my prescription at Walgreens instead of CVS should cost me more, only because you can buy a pack of smokes at Walgreens.
[1] http://www.cvshealth.com/newsroom/press-releases/pharmacy-services-corporate-info-events/cvs-caremark-stop-selling-tobacco http://www.cvshealth.com/newsroom/press-releases/pharmacy-se...
[2] http://www.washingtonpost.com/blogs/wonkblog/wp/2014/10/20/after-cutting-tobacco-sales-cvs-is-pressuring-other-pharmacies-to-do-the-same/ http://www.washingtonpost.com/blogs/wonkblog/wp/2014/10/20/a...