Is CVS A Dividend Stock To Watch After The Dividend Increase?

After a hiatus designed to reduce debt following the Aetna acquisition, CVS recently raised its dividend payout for the first time since 2017. In Q3, CVS Health Corporation (NYSE:CVS) posted its second straight quarter of double-digit, year-over-year revenue growth. The latest earnings also marked the 14th consecutive quarter that CVS exceeded analysts' revenue expectations. Then early this week, the company raised its FY21 diluted EPS guidance and also reaffirmed FY22 adjusted EPS guidance of $8.10 to $8.30.
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Mark Cuban’s drug company launches pharmacy, promising striking savings on generic drugs

Mark Cuban Cost Plus Drug Company (MCCPDC) has launched its online pharmacy as part of an ongoing effort to provide consumers with low drug prices. The pharmacy claims to offer significant savings, with several prescription drugs reportedly at more than half the cost of the next most affordable option. For instance, leukemia treatment imatinib has a retail price of $9,657 a month, according to MCCPDC, compared to $120 with a common voucher. Its price through the new company, however, is just $47 per month.
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New York Enacts Landmark Legislation Regulating PBMs

On December 31, 2021, New York Governor Kathy Hochul signed landmark legislation to increase the transparency of prescription drug pricing and to establish requirements on pharmacy middlemen. This new law is amongst 100 [1] state bills introduced in 2021 that shed light on the business practices of pharmacy benefit managers (PBM). In an approval memo, Governor Hochul described the New York legislation as the most comprehensive regulatory framework in the country for PBMs. The new law requires PBMs to register with the State Department of Financial Services (DFS) by April 1, 2022 and thereafter to be licensed by January 1, 2023. Failure to obtain a license by 2023 could result in a cease and desist order from DFS and financial penalties. The new legislation also sets forth duties and obligations that PBMs must follow, which are outlined below.
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Horizon Now Covers the Cost of At-Home COVID-19 Tests

FDA-approved over-the-counter (OTC) COVID-19 tests every 30 days for diagnostic purposes. This means you are taking a test because you have COVID-19 symptoms or because you were exposed to someone who has COVID-19. Claims for diagnostic testing are covered by your insurance with no out-of-pocket costs. A doctor’s order is not required.

I will remain with Bersatu, says Saifuddin

KUANTAN – Pahang Parti Pribumi Bersatu Malaysia (Bersatu) chief Datuk Seri Saifuddin Abdullah said he will remain with the party and will not follow in the footsteps of some former Parti Keadilan Rakyat (PKR) politicians to join Parti Bangsa Malaysia (PBM). Saifuddin, who is also the foreign minister, said...

Without partners, Parti Bangsa Malaysia unformidable in GE15: analysts

KUALA LUMPUR – Despite having some familiar faces, the newly formed Parti Bangsa Malaysia (PBM) is unlikely to be a formidable force in the next election, political observers said. Universiti Teknologi Malaysia geostrategist Prof Azmi Hassan said although some of the office bearers of PBM are currently parliamentarians or...

Good to have all ‘traitors’ in one party: Fahmi Fadzil takes apparent dig at PBM

KUALA LUMPUR – Parti Bangsa Malaysia (PBM) is nothing but a congregation of “traitors”, according to PKR communications chief Fahmi Fadzil. The Lembah Pantai MP made a snarky remark of Larry Sng’s new political outfit, saying that the people must avoid voting for the party at all costs come 15th general election seeing that they have hopped from other parties to join PBM.
The Oklahoman

Viewpoint: Eliminate the red tape that stifles drug benefits

The mounting debate over prescription drug prices has led several states, including Oklahoma, to over-regulate pharmacy benefit managers (PBMs) in a supposed effort to lower drug costs. However, government meddling in this area does the exact opposite. PBMs administer drug plans for 266 million Americans who obtain their health insurance...
National Center for Policy Analysis

Maryland report says PBM laws not preempted by ERISA

The Maryland Insurance Administration released a report concluding that, if the state were to apply its PBM laws to PBMs serving ERISA plans, enforcement of those laws would not be preempted by the federal ERISA law. In the wake of the U.S. Supreme Court’s unanimous Rutledge decision, the Maryland General Assembly asked the insurance administration to weigh in on the impact of the decision on the state’s laws. Relying on Rutledge and the subsequent Wehbi decision from the 8th Circuit, the MIA concluded “should the legislature elect to make all of the current [PBM laws] applicable to PBMs when contracted with an ERISA plan, the enforcement of those laws by the MIA would not be preempted by ERISA.”

Rite Aid to Close 63 Stores

Rite Aid Corporation is closing 63 retail stores as it continues to invest in its omni-pharmacy strategy. The pharmacy retailer said the “initial” 63 stores identified for closure, out of 2,488 at the end of Q3, should provide an annual EBITDA benefit of approximately $25 million. Rite Aid...

Azam Baki’s appointment as MACC chief in line with regulations: Muhyiddin

PUTRAJAYA – The appointment of Tan Sri Azam Baki as Malaysian Anti-Corruption Commission (MACC) chief commissioner was made in accordance with the proper procedures, said former prime minister Tan Sri Muhyiddin Yassin. He said Azam was appointed MACC chief when he was the prime minister to fill the vacancy...

Biden Regulators Take Action on Hidden Pharma Monopolies

The Centers for Medicare & Medicaid Services (CMS) has proposed a new rule that would attack one of the key tactics enriching the middlemen who keep prescription drug prices high and make it difficult for independent pharmacists to survive. The rule could dent the profits of pharmacy benefit managers (PBMs),...

Reporter’s notebook: J.P. Morgan’s 2022 health conference

Centene consolidates pharmacy platforms as it prepares for new PBM. Centene executives outlined ways they plan to cut costs and improve profitability in 2022, including an update on when they’ll outsource administrative pharmacy functions. Centene late last year said it was seeking a pharmacy benefit manager, after settling multiple...

Addressing Access Burdens

Employer-sponsored health plans create an increasingly cloudy path to access. According to the US Census Bureau, Current Population Survey (2019 and 2021 Annual Social and Economic Supplement), approximately 61.6% of eligible insured adults between 18 and 64 received coverage from an employer-based healthcare plan in 2021.1 Specifically, in regard to prescription drug benefits, KFF found that among employers with 500 or more employees in 2021, 18% have programs that exclude subsidies from prescription drug manufacturers, such as coupons, from counting toward an enrollee’s deductible or out-of-pocket limit. Among these same employers, 13% made a change to their prescription program in the last two years to delay the inclusion of new high-cost drug therapies until the therapy is proven effective.2.

Product Owner - remote position at Southern Scripts

Attempting to apply for jobs might take you off this site to a different website not owned by us. Any consequence as a result for attempting to apply for jobs is strictly at your own risk and we assume no liability. We wanted a PBM that worked better… so we...

Centene Corporation Reaches Another State PBM Settlement in Kansas

Centene Corporation recently agreed to settle another pharmacy benefit management case, this time in Kansas. The $27.6 million settlement was announced by Kansas Attorney General Derek Schmidt, who noted that the “settlement is the result of a years-long investigation into the company’s business practices undertaken by Schmidt’s office after a separate investigation in Ohio revealed PBMs were overbilling that state for their services.”

Centene to pay $21 mln to settle New Hampshire overcharge claims

(Reuters) - Centene Corp, the nation's largest Medicaid managed care organization, has agreed to pay more than $21.1 million to resolve claims by New Hampshire that it overcharged the state's Medicaid programs for pharmacy benefit management services. New Hampshire Attorney General John Formella said Thursday's settlement came after similar investigations...

Here comes Parti Bangsa Malaysia, with ex-PKR man Larry Sng as president

KUALA LUMPUR – Former PKR man Larry Sng has been elected to helm the newly formed Parti Bangsa Malaysia (PBM) as its first president during its general meeting today. The Julau MP said all members of the party, including its leaders, have expressed the desire to support the ruling government of the day, and to work hard to ensure that the aspirations of the people are upheld.