CVS News 02 12 19 - CVS Caremark backs off of planned pay cuts to 340B providers

CVS Caremark backs off of planned pay cuts to 340B providers

In a big win for the 340B community, Modern Healthcare reported that it obtained a confidential notice Caremark sent to 340B providers, stating that Caremark would not be putting in place the planned reimbursement changes to 340B pharmacies that it had announced late last year.

According to Modern Healthcare, Caremark acknowledged in the notice that they have “decided not to move forward with the implementation of the new reimbursement rates scheduled to become effective April 1, 2019.”

Read the article: CVS Caremark reverses course on planned pay cuts to 340B providers