Aetna, CVS Join Forces To Offer Co-Branded Medicare Drug Plan
This effort, which will following a pattern set by other insurers and retailers, will be available in 43 states and Washington, D.C.
The Wall Street Journal: Aetna, CVS To Offer Co-Branded Drug Plan
Aetna Inc. and CVS Caremark Corp.'s retail division said they are teaming up to co-brand a new Medicare prescription drug plan, following in the footsteps of other health insurers that have partnered with big drugstores. The Aetna CVS/pharmacy Prescription Drug Plan will be available in 43 states and Washington, D.C., for those using the federal health insurance for seniors. The program's cost will be a $26 monthly plan premium, with no deductible, for generic drugs. The companies said the plan would help lower copayments for its users (Rubin, 10/3).
Reuters: Aetna and CVS Latest to Offer Medicare Drug Plan
Aetna Inc (AET.N) and CVS Caremark Corp (CVS.N) are jointly offering a U.S. Medicare prescription drug plan, the latest such arrangement between a health insurer and a drugstore chain. Coventry Health Care Inc (CVH.N) said over the weekend it would offer a Medicare drug plan in 2012 with Walgreen Co (WAG.N) and discount retailers Wal-Mart Stores Inc (WMT.N) and Target Corp (TGT.N), which have pharmacies in their stores (10/3).
Bloomberg: Aetna Teams With CVS To Sell Medicare Prescription Drug Plan
Aetna Inc. (AET), the third-largest U.S. health insurer, and CVS Caremark Corp. (CVS) will offer a Medicare prescription drug plan in the first selling season since baby boomers began to turn 65. Medicare recipients can sign up for the cobranded plan on Oct. 15 in the 43 states with CVS stores. The program will cost $26 a month, offer a $3 copayment for prescriptions of preferred drugs and carry no deductible for generics, Aetna, based in Hartford, Connecticut, said today in a statement (Wechsler, 10/3).