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CVS Health Corp

CVS offers ‘guaranteed net cost’ for pharmacy benefit clients

WASHINGTON: Pharmacy chain and benefits manager CVS Health Corp on Wednesday said as of Jan. 1 it will offer a new prescription benefit option guaranteeing its health plan clients 100 percent of any rebates, discounts or other fees paid by drugmakers. The new plan model is aimed at providing greater drug cost simplicity, predictability and transparency, CVS said. The “guaranteed net cost” option could also deflect growing criticism that pharmacy benefit managers (PBMs) reap gains off the widening gap between…