CVS Caremark, GoodRx Announce Launch Of Caremark Cost Saver To Help Lower Pharmacy Out-Of-Pocket Drug Costs For Members
Portfolio Pulse from Benzinga Newsdesk
CVS Caremark and GoodRx have launched a new program, Caremark Cost Saver, aimed at reducing pharmacy out-of-pocket drug costs for members. The program will provide CVS Caremark's eligible members with automatic access to GoodRx's prescription pricing, potentially allowing them to pay lower prices on generic medications.
July 12, 2023 | 10:02 am
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POSITIVE IMPACT
The launch of the Caremark Cost Saver program in partnership with GoodRx could potentially increase CVS Caremark's customer base and loyalty by offering lower drug costs.
The partnership with GoodRx and the launch of the Caremark Cost Saver program could attract more customers to CVS Caremark due to the potential for lower drug costs. This could increase CVS's revenues and positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The partnership with CVS Caremark for the Caremark Cost Saver program could increase GoodRx's visibility and usage, potentially boosting its revenues.
The partnership with CVS Caremark and the launch of the Caremark Cost Saver program could increase the visibility and usage of GoodRx's prescription pricing. This could potentially boost GoodRx's revenues and positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100