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Representative Jake Auchincloss asks CVS Caremark, $CVS, CEO how much he’s charging for a $16 drug for multiple sclerosis. The answer: $6,229. A 38,000% markup.

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1,065,507 Aufrufe • vor 2 Jahren •via X (Twitter)

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10 Kommentare

Profilbild von Brad Utah 🏄‍♂️

Brad Utah 🏄‍♂️vor 2 Jahren

My mother has MS. She sent emails & called the drug maker every single day for the medication because it was to expensive to afford. I believe it was like 10k a month. The drug manufacturer was soo annoyed by her constant emails/calls, they gave it to her for free for life

Profilbild von thyme

thymevor 2 Jahren

That should be illegal!!!!

Profilbild von Steven Hasty

Steven Hastyvor 2 Jahren

Then how is it a $16 drug? How would they know costs and overhead? Not saying the price is justified, however, question everything…

Profilbild von SteveTheSuit

SteveTheSuitvor 2 Jahren

@mcuban please consider helping drive down the cost of Multiple Sclerosis medications and treatments. This is a major issue many families are facing. M.S. medications and treatments carry some of the highest costs in the nation, and many have been around for decades. Sad.

Profilbild von Sergey Golubev

Sergey Golubevvor 2 Jahren

The "markup" is the difference between what CVS Caremark pays for the drug and what they charge the insurance plan. This can include various fees for services like distribution, patient support programs, and risk management.

Profilbild von Jesse Norwalt

Jesse Norwaltvor 2 Jahren

Cvs has a net profit margin of 2% they aren’t ripping people off.

Profilbild von Voluntaryist Minister

Voluntaryist Ministervor 2 Jahren

Government patent protection causes this. End the monopoly.

Profilbild von Kim von Däniken

Kim von Dänikenvor 2 Jahren

That's crazy! I'm wondering if there are any other middle men or if they actually buy it for $16 and mark it up to 6k. Anyway, that's insane.

Profilbild von Matt Gambone

Matt Gambonevor 2 Jahren

@MartinShkreli spent 4 years in prison for raising the price of Daraprim from $13.50 to $750. How long will Karen Lynch spend behind bars?

Profilbild von Bao Huynh

Bao Huynhvor 2 Jahren

I don't care how much complex it take to distribute the drugs on top of true cost, but with that mark up, it due to either inefficiency or greed

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Update: CVS Caremark is now charging $7,636 for a $17 multiple sclerosis drug. CVS Health why are you marking up this MS drug by a record 47,000%? #PharmacistsFightBack

Update: CVS Caremark is now charging $7,636 for a $17 multiple sclerosis drug. CVS Health why are you marking up this MS drug by a record 47,000%? #PharmacistsFightBack

Rep. Jake Auchincloss 🟧

1,374,104 Aufrufe • vor 2 Jahren

This temporary funding bill is Donald Trump's Christmas gift to UnitedHealthcare, Cigna, and CVS Caremark. So much for 'knocking out the drug middlemen'. I'm voting No.

This temporary funding bill is Donald Trump's Christmas gift to UnitedHealthcare, Cigna, and CVS Caremark. So much for 'knocking out the drug middlemen'. I'm voting No.

Rep. Jake Auchincloss 🟧

73,749 Aufrufe • vor 1 Jahr

AOC just dragged CVS into the sunlight: She asked if our healthcare system is “market concentration.” CVS’s chair said no, it “works really well for the consumer.” AOC: It works really well for CVS. Insurance takes a cut. The PBM takes a cut. The drug company takes a cut. And the patient gets screwed.

AOC just dragged CVS into the sunlight: She asked if our healthcare system is “market concentration.” CVS’s chair said no, it “works really well for the consumer.” AOC: It works really well for CVS. Insurance takes a cut. The PBM takes a cut. The drug company takes a cut. And the patient gets screwed.

Brian Allen

113,016 Aufrufe • vor 7 Monaten

BIG NEWS: Oklahoma Attorney General’s Office has filed a lawsuit against CVS Caremark for Pharmacy Benefits Managers violations This is such a widespread and massive problem, Oklahoma had to create a new court - CVS Caremark PBM is denying covered medications - They are paying independent pharmacies less than the cost of medication (in many cases PAYING $0, “It's not uncommon for covered medications to pay literally $0 to the pharmacy” - The reimbursement that comes back to independent pharmacies is totally unrelated to the cost of the medication - “CVS still has the audacity to take your absurdly large premium and not use that to pay the healthcare providers you need to actually care for your health” (They literally pocket the money and pay independent pharmacies next to nothing, or NOTHING) “That's what the Oklahoma suit is about. They have a law that states the PBMs like CVS Caremark aren't allowed to pay less than the cost. Of course, that didn't stop them” “This case brings 200 prescriptions that were reimbursed under cost and denied on appeal by CVS. Oklahoma, in fact, established a whole new court tasked exclusively with PBM litigation.”

BIG NEWS: Oklahoma Attorney General’s Office has filed a lawsuit against CVS Caremark for Pharmacy Benefits Managers violations This is such a widespread and massive problem, Oklahoma had to create a new court - CVS Caremark PBM is denying covered medications - They are paying independent pharmacies less than the cost of medication (in many cases PAYING $0, “It's not uncommon for covered medications to pay literally $0 to the pharmacy” - The reimbursement that comes back to independent pharmacies is totally unrelated to the cost of the medication - “CVS still has the audacity to take your absurdly large premium and not use that to pay the healthcare providers you need to actually care for your health” (They literally pocket the money and pay independent pharmacies next to nothing, or NOTHING) “That's what the Oklahoma suit is about. They have a law that states the PBMs like CVS Caremark aren't allowed to pay less than the cost. Of course, that didn't stop them” “This case brings 200 prescriptions that were reimbursed under cost and denied on appeal by CVS. Oklahoma, in fact, established a whole new court tasked exclusively with PBM litigation.”

Wall Street Apes

62,952 Aufrufe • vor 1 Jahr

AOC: This is quite a bit of market concentration. Wouldn't you agree? CVS HEALTH CHAIR DAVID JOYNER: No. I'd suggest it's a model that works really well for the consumer AOC: I think it works well for CVS. Health insurance gets a cut, pharmacy benefit manager gets a cut, drug manufacturer gets a cut, and the patient gets screwed

AOC: This is quite a bit of market concentration. Wouldn't you agree? CVS HEALTH CHAIR DAVID JOYNER: No. I'd suggest it's a model that works really well for the consumer AOC: I think it works well for CVS. Health insurance gets a cut, pharmacy benefit manager gets a cut, drug manufacturer gets a cut, and the patient gets screwed

Aaron Rupar

1,814,300 Aufrufe • vor 7 Monaten

I am not so partisan that I can't appreciate Congresswoman Alexandria Ocasio-Cortez taking down the CEO of CVS on behalf of all Americans. Healthcare is a universal issue, so pay attention to what's being sold to us. Translation: "Our perfect patient is insured by Aetna, CVS. They are seen at Oak Street Health, CVS. The prescriptions and drugs they take are negotiated in price by Caremark, CVS, and they pick it up at, oh, you guessed it, CVS." This one-stop shop idea doesn't benefit the end user; it benefits the companies selling it to us. This is not healthcare; it's herding cattle. We all need to get behind this reform.

I am not so partisan that I can't appreciate Congresswoman Alexandria Ocasio-Cortez taking down the CEO of CVS on behalf of all Americans. Healthcare is a universal issue, so pay attention to what's being sold to us. Translation: "Our perfect patient is insured by Aetna, CVS. They are seen at Oak Street Health, CVS. The prescriptions and drugs they take are negotiated in price by Caremark, CVS, and they pick it up at, oh, you guessed it, CVS." This one-stop shop idea doesn't benefit the end user; it benefits the companies selling it to us. This is not healthcare; it's herding cattle. We all need to get behind this reform.

Shawnee Gregorio

38,699 Aufrufe • vor 5 Monaten

Is Tennessee Really Forcing CVS Out? 🏥 There’s a lot of buzz about Tennessee “forcing” CVS to shut its doors. CVS even sent out a letter to customers claiming a new proposed law would shut down all its pharmacy locations in the state. 📨 But what’s the real story? Let’s dive into what's happening and why things might not be as they seem. 🕵️‍♂️ The Law: SB 2040 📜 The law in question is SB 2040. While CVS claims it will shut down their stores, the bill’s actual goal is to regulate Pharmacy Benefit Managers (PBMs). 💊 What’s a PBM? 🏢 Think of a PBM as a middleman between insurance companies and pharmacies. They handle everything from negotiating drug prices to managing pharmacy networks. Why Is CVS Worried? 😟 The bill prohibits PBMs from owning, operating, or controlling pharmacies. 🛡️ CVS is one of the biggest PBMs in the country (through CVS Caremark). Under this law, they would have to choose: Keep their PBM business or their brick-and-mortar stores. 🏬 The Profit Puzzle 🧩 CVS makes a significant portion of its profit through its PBM and insurance (Aetna) arms. For them, it might be more profitable to shut down their physical stores than to give up their PBM business. 💰 This same threat was made in Arkansas, showing a pattern of prioritizing the middleman business over local pharmacies. 🚩 What’s Next? ⏳ SB 2040 is currently in the Senate Health and Welfare Committee. It’s still early days, but the pushback from major corporations like CVS shows just how much is at stake. 🏛️ Is this a bold step for pharmacy transparency, or a threat to patient access? Let us know what you think! 👇

Is Tennessee Really Forcing CVS Out? 🏥 There’s a lot of buzz about Tennessee “forcing” CVS to shut its doors. CVS even sent out a letter to customers claiming a new proposed law would shut down all its pharmacy locations in the state. 📨 But what’s the real story? Let’s dive into what's happening and why things might not be as they seem. 🕵️‍♂️ The Law: SB 2040 📜 The law in question is SB 2040. While CVS claims it will shut down their stores, the bill’s actual goal is to regulate Pharmacy Benefit Managers (PBMs). 💊 What’s a PBM? 🏢 Think of a PBM as a middleman between insurance companies and pharmacies. They handle everything from negotiating drug prices to managing pharmacy networks. Why Is CVS Worried? 😟 The bill prohibits PBMs from owning, operating, or controlling pharmacies. 🛡️ CVS is one of the biggest PBMs in the country (through CVS Caremark). Under this law, they would have to choose: Keep their PBM business or their brick-and-mortar stores. 🏬 The Profit Puzzle 🧩 CVS makes a significant portion of its profit through its PBM and insurance (Aetna) arms. For them, it might be more profitable to shut down their physical stores than to give up their PBM business. 💰 This same threat was made in Arkansas, showing a pattern of prioritizing the middleman business over local pharmacies. 🚩 What’s Next? ⏳ SB 2040 is currently in the Senate Health and Welfare Committee. It’s still early days, but the pushback from major corporations like CVS shows just how much is at stake. 🏛️ Is this a bold step for pharmacy transparency, or a threat to patient access? Let us know what you think! 👇

Forest Park Pharmacy

15,927 Aufrufe • vor 6 Monaten

Where is the Protection of Personal Information Act? These are the CVs of people who applied for a job in the Labour Department in KZN. Instead of shredding the CVs, they just dumped them by the roadside.

Where is the Protection of Personal Information Act? These are the CVs of people who applied for a job in the Labour Department in KZN. Instead of shredding the CVs, they just dumped them by the roadside.

Sir Lebona Cabonena

22,156 Aufrufe • vor 2 Monaten

CVS apologizes after a store manager calls the police on a black woman for reportedly trying to use manufacturer’s coupon

CVS apologizes after a store manager calls the police on a black woman for reportedly trying to use manufacturer’s coupon

Loud Outside

1,150,252 Aufrufe • vor 20 Tagen

BREAKING: Democrat Jake Auchincloss just put on a masterclass for how to defeat Donald Trump’s lies about the economy. This is a must watch.

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Democratic Wins Media

156,951 Aufrufe • vor 1 Jahr

LOUISIANA AG DETAILS THE THREE LAWSUITS THE STATE HAS FILED AGAINST CVS CAREMARK: 1. ANTITRUST, 2. TEXT MESSAGE THREATS AND ENLISTMENT OF CUSTOMERS FOR LOBBYING PURPOSES, AND 3. DECEPTIVE TRADE PRACTICE PRICING DRIVING INDEPENDENT PHARMACIES OUT OF BUSINESS Attorney General of Louisiana Attorney General Liz Murrill lays out for Matt Gaetz the three lawsuits the state of Louisiana has against CVS Caremark: “The antitrust lawsuit over their vertical integration model of doing business, which we think manipulates the market and drives up drug prices. There are two others, one is related to some text messages…where they were threatening seniors, veterans, and people with serious health conditions…and trying to enlist them into an army of people who go lobby for CVS at the legislature. And the third one is related to them driving a bunch of independent pharmacists in our state out of business through some of their deceptive and unfair trade practices as they relate to pricing with independent pharmacies.”

LOUISIANA AG DETAILS THE THREE LAWSUITS THE STATE HAS FILED AGAINST CVS CAREMARK: 1. ANTITRUST, 2. TEXT MESSAGE THREATS AND ENLISTMENT OF CUSTOMERS FOR LOBBYING PURPOSES, AND 3. DECEPTIVE TRADE PRACTICE PRICING DRIVING INDEPENDENT PHARMACIES OUT OF BUSINESS Attorney General of Louisiana Attorney General Liz Murrill lays out for Matt Gaetz the three lawsuits the state of Louisiana has against CVS Caremark: “The antitrust lawsuit over their vertical integration model of doing business, which we think manipulates the market and drives up drug prices. There are two others, one is related to some text messages…where they were threatening seniors, veterans, and people with serious health conditions…and trying to enlist them into an army of people who go lobby for CVS at the legislature. And the third one is related to them driving a bunch of independent pharmacists in our state out of business through some of their deceptive and unfair trade practices as they relate to pricing with independent pharmacies.”

One America News

747,430 Aufrufe • vor 1 Jahr

The shelves of CVS in Columbia Heights (in DC) have been empty for over a year. Street vendors a few inches away from this CVS store openly resell the stolen items at cheaper rates. CVS just announced that this location is permanently closing next month. On this same block in DC, a 5 Below is shutting down and Target has banned unaccompanied teens.

The shelves of CVS in Columbia Heights (in DC) have been empty for over a year. Street vendors a few inches away from this CVS store openly resell the stolen items at cheaper rates. CVS just announced that this location is permanently closing next month. On this same block in DC, a 5 Below is shutting down and Target has banned unaccompanied teens.

End Wokeness

2,259,621 Aufrufe • vor 2 Jahren

This is wild If you examine the generic Tylenol pills at CVS, Aldi and Costco you’ll notice the prices are very different - CVS is $6 for 24 tablets - Aldi is $1.69 for 100 tablets - Costco is $8 for 1,000 tablets If you examine the pills, they are all stamped with ‘L484’ this means they all produced by the same manufacturers or contracted suppliers that simply rebrand and package for different retailers They’re all the exact same medication I’ll break down the per pill cost for everyone - CVS: $0.25 per pill - Aldi: $0.017 per pill - Kirkland (Costco): $0.008 per pill Remember, these are all the exact same pills This is a classic example of private labeling in retail. The same factory produces the pills, and stores add their markup based on brand perception, convenience, packaging, and profit margins CVS charges a premium for the “pharmacy trust” factor You know what I call it? A scam

Wall Street Apes

839,010 Aufrufe • vor 3 Monaten

Pharmaceutical companies marking up a drug 3,000% to Medicare. Meaning because they know taxpayers are paying for it, they’re charging 30x THE PRICE - Drug name Cialis - Medicare paying $481 per prescription - Cost without insurance $14 - Medicare filled this prescription 492,000 times in 2022 costing taxpayers $237 million dollars “Medicare is being overcharged by $230 million every year for only one drug.” “This happens because Medicare uses a pharmacy benefits manager to handle all things pharmacy for them. They decide what's covered, how much your copay will be, how much it'll cost the government, and how much they'll pay the pharmacy. With all that power, they've decided that we should pay a 3000% markup. What a great deal.”

Pharmaceutical companies marking up a drug 3,000% to Medicare. Meaning because they know taxpayers are paying for it, they’re charging 30x THE PRICE - Drug name Cialis - Medicare paying $481 per prescription - Cost without insurance $14 - Medicare filled this prescription 492,000 times in 2022 costing taxpayers $237 million dollars “Medicare is being overcharged by $230 million every year for only one drug.” “This happens because Medicare uses a pharmacy benefits manager to handle all things pharmacy for them. They decide what's covered, how much your copay will be, how much it'll cost the government, and how much they'll pay the pharmacy. With all that power, they've decided that we should pay a 3000% markup. What a great deal.”

Wall Street Apes

150,607 Aufrufe • vor 1 Jahr

CVS worker took a HIT from the world’s BIGGEST BLUNT mid-shift after Kanel convinced him for 4/20 🍁🤣🤣

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Kanel Updates

1,337,369 Aufrufe • vor 1 Jahr

Tennessee just did what Congress can't. They passed a law to break up the health insurance giants. Specifically, they made it illegal for pharmacy benefit managers — the companies in charge of pharmacy insurance — and pharmacies to be owned by the same company. That makes perfect sense. For example: CVS Caremark is the PBM, and CVS is the pharmacy. So if you have Aetna insurance, you have CVS Caremark as your PBM, and they're going to do everything they can to make sure you use CVS as your pharmacy. Aetna, Caremark, CVS — all the same company. That causes all kinds of incredibly obvious problems that this law hopes to fix. If your insurance company is in charge of approving your medication, deciding how much to pay for it, AND deciding who gets that money — while also being the pharmacy that gets paid at the end — guess what happens to prices? They go up. Governor Lee signed the law last week. CVS immediately filed a federal lawsuit because they said it will force them to close all 136 stores they have in Tennessee. Let that sink in. I'm not sure most people realize what that says about CVS and health insurance in general. They had to choose between owning the middleman (the PBM) or the healthcare provider (the pharmacy). Without hesitation, they chose the middleman. The biggest pharmacy chain in the country — with a store on every corner — would drop all 136 of their Tennessee locations in a second if it means keeping their middleman business. It is more profitable for them to be a health insurance middleman getting between you and your healthcare than it is to actually provide the healthcare. That is the problem with healthcare in America. We have made the middleman so powerful that they've taken complete control of the entire system. Three PBMs — Caremark, Express Scripts, and OptumRx — handle around 80% of all prescriptions in this country. How on earth can we expect healthcare to work well and remain affordable if that's where the money is? We all auto-pay our insurance straight out of our paycheck before we even see the money. And not surprisingly, they're keeping a ton of it. That's why we fired them. And they can't file a lawsuit to stop us. That lets us offer fair, transparent prices. No PBMs. No insurance games. No hidden markups. You see the cost, you pay the cost.

Tennessee just did what Congress can't. They passed a law to break up the health insurance giants. Specifically, they made it illegal for pharmacy benefit managers — the companies in charge of pharmacy insurance — and pharmacies to be owned by the same company. That makes perfect sense. For example: CVS Caremark is the PBM, and CVS is the pharmacy. So if you have Aetna insurance, you have CVS Caremark as your PBM, and they're going to do everything they can to make sure you use CVS as your pharmacy. Aetna, Caremark, CVS — all the same company. That causes all kinds of incredibly obvious problems that this law hopes to fix. If your insurance company is in charge of approving your medication, deciding how much to pay for it, AND deciding who gets that money — while also being the pharmacy that gets paid at the end — guess what happens to prices? They go up. Governor Lee signed the law last week. CVS immediately filed a federal lawsuit because they said it will force them to close all 136 stores they have in Tennessee. Let that sink in. I'm not sure most people realize what that says about CVS and health insurance in general. They had to choose between owning the middleman (the PBM) or the healthcare provider (the pharmacy). Without hesitation, they chose the middleman. The biggest pharmacy chain in the country — with a store on every corner — would drop all 136 of their Tennessee locations in a second if it means keeping their middleman business. It is more profitable for them to be a health insurance middleman getting between you and your healthcare than it is to actually provide the healthcare. That is the problem with healthcare in America. We have made the middleman so powerful that they've taken complete control of the entire system. Three PBMs — Caremark, Express Scripts, and OptumRx — handle around 80% of all prescriptions in this country. How on earth can we expect healthcare to work well and remain affordable if that's where the money is? We all auto-pay our insurance straight out of our paycheck before we even see the money. And not surprisingly, they're keeping a ton of it. That's why we fired them. And they can't file a lawsuit to stop us. That lets us offer fair, transparent prices. No PBMs. No insurance games. No hidden markups. You see the cost, you pay the cost.

Forest Park Pharmacy

33,253 Aufrufe • vor 3 Monaten

CM. Joseph Vijay × CVS× SP velumani A K.A Sengottaiyan Skecth 🫡🔥 5 Years Stable Goverment Ensured For The CMOTamilNadu 😁💥

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Democrat Jake Auchincloss says the party needs to define a "new center" in order to accommodate for communists.

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11,720 Aufrufe • vor 2 Monaten