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CVS Introduces Drug Pricing System
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CVS Pharmacy is introducing a new drug pricing system, CVS CostVantage, to simplify and increase transparency, but its potential benefits for consumers are unclear. The model involves a formula that includes drug cost, a set markup, and a fee reflecting pharmacy services, with plans to expand to other payors in 2025.
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How might CVS CostVantage impact the affordability of prescription drugs for consumers?
In what ways could this pricing system influence the dynamics of the pharmaceutical industry?
What strategies could CVS employ to address concerns about the potential benefits for consumers?
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