Making medication affordable for all
Our big commitment? Driving drug costs down. Because unaffordable medication should never hold back anyone’s healthier. That’s why we negotiate with drug companies to get the best possible prices, so your members stay on track. That improves outcomes and productivity — and lowers your spend.
Tools to help members save
With our digital tools, members like Tricia can check prices and find savings, so they’re confident their medications will stay affordable.
[Visual cue] MUSIC - upbeat, bright, and emotive. Text on-screen scrolls through: “Making access– personal support – affordability the center of Tricia’s story”
VO from narrator: “Making affordability the center of Tricia's family story.”
[Visual cue] Open on Tricia, a CVS Caremark member, being interviewed at home.
VO from Tricia: “I can't say enough good things about CVS Caremark in terms of affordability.”
[Visual cue] Screen shifts to multiple scenes of Tricia and her children together at home
VO from Tricia: “There's eight of us, 6 kids in our family. We have well over 50 medications.”
[Visual cue] Text on-screen reads: “No need for coupons. No hassle. “
VO from narrator: “Since savings are built into our plans, there's a whole lot more for the whole family.”
[Visual cue] More footage of Tricia and her family hanging out at home, eating, going outside ...
VO from Tricia: “With a big family like mine and with all the conditions, I would never want to switch anywhere else. It's been extremely affordable for us.”
[Visual cue] Text on-screen reads “More care in every story” over a shot of Tricia and all her kids at their neighborhood park. Image fades into CVS heart and logo.
68.4% of members spent <$100
out of pocket (OOP) in 2023$10.50 average member
OOP cost per 30 day Rx supply$1.5B in savings through our
biosimilar formulary options1 in 3 Americans report taking
three or more prescription drugs
Here’s how we help make Rx affordable for your members
Big enough for bold moves
We are the sole part of the drug supply chain actively driving down costs. Using our size and scale as the pharmacy benefit manager (PBM) with the largest network, we fight for the lowest possible costs. By negotiating on manufacturer-set pricing for savings we pass on to you and your members, we’ve helped bring member cost share down by 26%. Plus, we also pass back 99% of rebates so you can choose how they’re best used.
Decreasing costs with more options
Every member should get the treatment they need. That’s why our utilization management (UM) solutions focus on providing clinically appropriate, cost-effective medications. This includes removing hyperinflated drugs from our formulary, to help drive demand for the market to promote more affordable options. In transitioning members off Humira to equally effective Rx, clients saved $1.5B and reached $0 OOP costs for 86% of members.
Real medication costs, in real time
Providers can check patient drug costs in their electronic health records while they’re in the office, for a real-time conversation about what’s best to prescribe so members can afford to stay on their medications.
Check lower costs anytime, anywhere
Members can check drug costs anytime with digital tools, so they have transparency or can find lower-cost alternatives. They can also see OOP costs, pre- and post-deductible, so members have more insight and control over the cost of medications.
I just trust that it’s going to be affordable... it’s a great feeling. I don’t know what I would do without it, honestly.”
— Tricia, a CVS Caremark® member
What’s new in the pharmacy benefits world?
Find out what’s new and next so you can stay on top of what you need to keep members healthier and reach your goals.
Get in touch
Let us know if you want to learn about giving your members more access to the medications that keep them healthier.