Who owns cvs drugstore




















This provision has protected PBMs from anti-kickback statutes , which prevent any company from paying off another to increase its business. Without the safe harbor, PBMs could not negotiate a rebate with a drug company, and then make that drug available to its customers, without violating the law.

But the company will inevitably seek to make up that shortfall somewhere. And the combining with Aetna provides exactly that opportunity. The merged company can now segregate Aetna's 22 million insurance subscribers, so they can only get primary care treatment and medications at their own pharmacies. This would obviously degrade competing pharmacies, who have already felt the pressure. Independent pharmacies contended in January that CVS Caremark had slashed reimbursements for numerous prescription drugs.

At the same time, CVS was sending these pharmacists inquiry letters about buying their stores. Aetna subscribers in remote areas or just far from a CVS could get pushed into CVS's new next-day drug delivery service , and mail-order drug schemes have been criticized for creating substantial wasted prescriptions and for pocketing the extra cash. If Aetna and CVS had incentive to use their market power to crush rivals before, they really have it now, after state and federal governments hollowed out one of CVS's main profit centers.

Of course, the antitrust authorities simply don't think in these terms. CVS Minute Clinics could be a cheaper option for routine care, and the chronically ill could benefit from the combination. But they ignored the impact of a more concentrated overall health sector, not just on costs but on the system's fragility, innovation, and patient access. They enabled a health behemoth to grow in every community in America, giving it the wherewithal and the motive to put that dominance to work at the expense of practically everyone.

Skip to main content. Our history Tracing back our history through our retail, pharmacy benefit management and retail clinic roots, today CVS Health is a health care innovation company that is reinventing pharmacy. Explore key moments in our story Our company has grown and changed over the years, but our commitment to our customers, clients and communities has never wavered.

Baxter Healthcare Corporation launches the first national hemophilia home service. Caremark enters the multiple sclerosis marketplace. Caremark merges the prescription benefit management business and the biotech business. They bought their first pharmacies in , the first of many acquisitions that would build CVS into what it is today. Over the decades, CVS has scooped up small independent pharmacies and regional chains. All of those deals established CVS as a national retailer.

CVS stopped selling cigarettes and other tobacco products in , which some executives consider the turning point in its transformation. It changed its name to CVS Health later that year. Signs declaring its headquarters a tobacco-free campus dot the parking lots. A wall in the lobby displays milestones throughout the company's history.



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