CVS Announces Plan to Eliminate Co-Pays for Diabetes Drugs
According to a study by CVS Health's (NYSE: CVS) pharmacy benefit manager, CVS Caremark, the average diabetic spends $467.24 out-of-pocket per year on their medication, including insulin, and 12% of them lay out upwards of $1,000. As a result of those costs, some diabetes patients must sometimes forgo their medication, which can result in disease progression, and in some, lead to the development of heart disease.
In hopes of helping ensure patients can take their medication as prescribed, CVS Caremark is offering employers and health insurers a solution that will eliminate out-of-pocket expenses for members, without costing either the employer or insurer more money.
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Source Fool.com
