I'm in this space - here is the problem for CVS in doing this - many of their other health plan partners will want to stay with them for pharmacy services since they are now a competitor on the medical insurance side.
Conversation
Notices
-
DrChris✅ (drchris@noagendasocial.com)'s status on Sunday, 03-Dec-2017 22:08:35 EST DrChris✅
-
Dude Named PhoneBoy 💻☕️✈️ (phoneboy@noagendasocial.com)'s status on Sunday, 03-Dec-2017 23:17:09 EST Dude Named PhoneBoy 💻☕️✈️
@DrChris doesn't every pharmacy deal with every insurance company for the most part?
As someone who has Aetna insurance, I am sure I'm going to be screwed by this somehow.
-
DrChris✅ (drchris@noagendasocial.com)'s status on Monday, 04-Dec-2017 07:38:06 EST DrChris✅
This has more to do with CVS as a Pharmacy Benefits Manager (claims processor and mail order vendor) than it does CVS as a retail pharmacy. Yes, CVS as a retail pharmacy deals with almost every insurance company, but the PBM is a larger portion of their business. For context, their PBM brought in $31B in revenue in 4Q16 versus $20B for the retail arm.
If you're a health plan without your own PBM, do you want to partner with a PBM that has it's own health plan?
-
Dude Named PhoneBoy 💻☕️✈️ (phoneboy@noagendasocial.com)'s status on Monday, 04-Dec-2017 09:11:22 EST Dude Named PhoneBoy 💻☕️✈️
@DrChris @CarBlanez33 huh didn’t know that. Now I do. And that could easily be a no bueno. #TheMoreYouKnow
-
-
-
DrChris✅ (drchris@noagendasocial.com)'s status on Monday, 04-Dec-2017 07:39:03 EST DrChris✅
@CarBlanez33 For clarification, I should have said "will NOT want to stay with them.."
-