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Caremark Drug Price Reform Settled | Huntsville News
CVS Caremark is facing major changes after agreeing to a FTC settlement aimed at slashing prescription drug costs. The company, which acts as a middleman between insurers and drug prices, will stop favoring more expensive drug versions and must pass on all rebates directly to patients at the pharmacy counter. This could unlock up to $8.5 billion in savings over ten years, plus another $4.5 billion from point-of-sale rebates. The deal also opens the door for “hub pharmacies” to help patients find the cheapest meds, making drug pricing more transparent and affordable. While exact savings…
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