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Customers could potentially save money at the drugstore counter when CVS Health introduces a new prescription drug pricing model in 2024, the Associated Press reported.
The healthcare giant announced Tuesday it will roll out a new reimbursement model with third-party cash discount card management companies like GoodRx, according to the Associated Press. This is designed to make costs more predictable for customers.
CVS Health drugstores will begin using the company's new CostVantage model more extensively in 2025, according to the report. It is designed to make drug costs more transparent with a formula that includes the cost of the drug, a set markup, and a fee for filling a prescription.
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