Aetna and CVS Brand a Prescription Drug Plan–Cheaper Prescriptions and Easier Consolidation for Collection of Data
Posted Oct 03 2011 10:26pm
We all know that pharmacies collect and sell our data and perhaps by attracting more Aetna customers more data can be collected in a easier fashion by offering discounts and then too there’s the monthly fee that generates revenue.
The $4 generics still work pretty good for me and I’m not an Aetna member. I remember when working close with doctors how they get grilled when the patient’s trail of not filling a prescription was a bit point of conflict at times as the HMOs would sometimes drill the doctor on why the patient didn’t fill a prescription when in fact they did and paid cash at Target.
We have all watched in the news how United has buddied up to Walgreens so I guess it’s CVS and Aetna’s turn. No word on any pay for performance yet for CVS pharmacists. Walgreens recently started getting liquor licenses too for their stores where they could sell it they make just under $800 million a year on selling data so I don’t know what CVS makes but this make one wonder if providing drugs is a sideline business to collecting data doesn’t it?
HARTFORD, Conn.--( BUSINESS WIRE )--Aetna (NYSE: AET ) and CVS/pharmacy today announced the launch of a new co-branded Medicare prescription drug plan. The new Aetna CVS/pharmacy Prescription Drug Plan (PDP) is available in 43 states and Washington, DC and offers Medicare beneficiaries outstanding value along with access to experienced CVS pharmacists and the convenience of shopping at their own neighborhood CVS/pharmacy.
The plan offers a $26 monthly plan premium and has no deductible for generic drugs. Medicare beneficiaries who sign up for this plan and fill their prescriptions at a CVS/pharmacy will realize savings on their out-of-pocket prescription drug costs. By filling prescription drugs at a CVS/pharmacy, as compared to a non-preferred network pharmacy, plan members will:
pay a low $3 copayment for preferred generic prescriptions; and
save $10 on copayments for non-preferred generic and preferred brand prescriptions.
“We are committed to providing value to our Medicare beneficiaries, and this new plan is not only affordable, it increases our members’ access to one of the premier pharmacy chains in the United States,” said John Chomeau, head of Aetna Medicare. “With 75 percent of the U.S. population in the markets in which CVS/pharmacy operates living within 3 miles of a CVS drugstore, Medicare beneficiaries will have convenient access to the prescription drugs they need through this plan.”