Karen Lynch discussed CVS Health’s commitment to increased transparency in pharmacy benefit management and pharmacy reimbursement models at the J.P. Morgan Healthcare conference in San Francisco. The company plans to launch the TrueCost model for pharmacy reimbursement in 2025, aiming to make their pharmacy business more sustainable and transparent. This move comes amid the FTC’s investigation into anti-competitive behavior and opaque business practices by major pharmacy benefit management companies. Other healthcare companies, such as Walgreens and Eli Lilly, are also taking steps to increase transparency in drug pricing and pharmacy benefits. Overall, industry-wide commitment to transparency could transform healthcare conversations in the future.
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What Was the Most-Repeated Word in CVS Health CEO’s JPM Presentation?
