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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

management.

In addition to the 2.4 percent overall trend, the more notable 2011 Insights findings are:

  • Non-specialty trend -- the cost increase for prescriptions excluding expensive biologic pharmaceuticals -- was .8 percent, driven by the increased use of generics.
  • Specialty pharmaceuticals continued to be the fastest growing area of spending in medications, increasing 13.7 percent from the year before.  
  • About one-quarter of the CVS Caremark clients experienced a reduction in medication costs year-over-year, or a negative trend; one-third of the clients experienced a trend of less than 2.5 percent.

  • "The continuing increase in the use of expensive specialty drugs, as well as the growing prevalence of chronic disease, calls for innovative health care solutions such as an integrated pharmacy home to help patients deal with complex therapy regimens and stay adherent," says Troyen A. Brennan, MD, MPH, Executive Vice President and Chief Medical Officer of CVS Caremark.  "Developing a pharmacy home was one of the recommendations raised by our recent research conducted with Harvard Medical School and Brigham & Women's Hospital. That work and this report make it clear we must devise better ways to serve the chronically ill. This trend report shows we are making headway in that fight."

    CVS Caremark programs that maximize the benefits of the integrated enterprise have already been embraced by the company's PBM clients and their members. For example, Maintenance Choice provides members with two options for receiving 90-day supplies of maintenance medications for chronic conditions, either by using a convenient mail order pharmacy or by maintaining their face-to-face connection with their local CVS pharmacist, while paying less out-of-pocket for their medications.  In addition, the recently launched Pharmacy Advisor program enables members with diabetes to build a relationship with their mail order pharmacis
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    SOURCE CVS Caremark
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