Modern Healthcare: CVS Caremark wanted to cut its reimbursements to 340B providers and pharmacies. Now it's backpedaling.
In a confidential notice sent Monday to 340B providers and obtained by Modern Healthcare, CVS Caremark said it would not institute a substantial pay cut to 340B pharmacies that was set to start this spring. The pharmacy benefit manager powerhouse's decision not to put payment policy changes in place is a massive win for 340B hospitals.
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