CVS and Walmart Settled on Pharmacy Disagreement

Recently, multinational retail corporation, Walmart and retail pharmacy, and health care firm CVS have disclosed that they have moved past their pricing disagreement of filling prescriptions. Earlier, the dispute was about the involvement of Walmart in CVS Caremark’s and Managed Medicaid pharmacy networks. The financial details of the multi-year agreement weren’t revealed. On January 14, 2019, CVS had revealed that Walmart was anticipated to leave the drugstore networks. This would have impacted individuals whose employers have CVS Caremark-administered drug advantages and also Medicaid enrollees with drug coverage of CVS. Moreover, this move would have stopped paying for prescriptions filled at Walmart. On the same day, CVS Caremark stated that Walmart asked for rise in pay for prescription filling. The pharmacy-benefit managers compensates pharmacies when buyers with CVS Caremark prescription coverage purchase medicine. However, a person related to Walmart stated that Walmart never asked CVS to increase the cost it pays when a prescription is filled by a buyer. Walmart simply asked CVS to keep rates at present levels.