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CVS Caremark Insights 2011 Report Highlights Lowest Drug Trend in Six Years and Increased Utilization of Generics
Date:4/14/2011

WOONSOCKET, R.I., April 14, 2011 /PRNewswire/ -- CVS Caremark (NYSE: CVS) today released its annual Insights Report, which reviews drug trend and highlights key areas to watch in pharmacy care.  In 2010, the average drug trend for the company's pharmacy benefit management (PBM) client segments -- employers, health plans and third party administrators -- was 2.4 percent, the lowest trend in six years, demonstrating that CVS Caremark helped its clients and their members effectively manage pharmacy costs during a tough economic year.

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"Last year was one of uncertainty and change for our clients as they worked to understand the impact of health care reform while also dealing with a sluggish economic recovery," said Per Lofberg, president of CVS Caremark's pharmacy benefit management business.  "One of our priorities is to help our clients navigate health care reform and determine how best to implement necessary changes.  Even with this added layer of complexity, we helped our clients manage costs and maintain quality care for their members."

The company's 2010 drug trend was held in check by the increasing use of generics as more of these less expensive medications became available, more physicians prescribed them and more members were willing to use generics. The company's generic dispensing rate (GDR) was 71.5 percent.  Other trend drivers included continued growth in the utilization of complex specialty pharmaceuticals, as well as an increase in utilization of prescription drugs overall.  CVS Caremark anticipates these trends will continue this year and, when coupled with the growing impact of chronic disease, sees a need to integrate and coordinate pharmacy care in a centralized location -- a pharmacy home -- to  help members coordinate and simplify  their medication
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SOURCE CVS Caremark
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