340B Health

STATEMENT BY 340B HEALTH PRESIDENT AND CEO MAUREEN TESTONI ON CVS CAREMARK PAYMENT RATE DECISION

in 340B Health News Releases

WASHINGTON, D.C.— The following statement was issued by Maureen Testoni, President and Chief Executive Officer of 340B Health:

“340B Health is very pleased by the decision of CVS Caremark to withdraw its plan to reduce reimbursement to pharmacies owned by 340B covered entities. Savings from 340B discounts help hospitals, health centers, and clinics provide care to patients who often have nowhere else to turn. This decision is a welcome change, and our members appreciate the fact that CVS Caremark listened to their concerns and responded appropriately.”

Contact: Richard Sorian at richard.sorian@340bhealth.org or 202-536-2285.