CVS to Offer Prescription Services to UnitedHealth Medicare Beneficiaries
Posted on: Thursday, 7 July 2005, 18:00 CDT
WOONSOCKET, R.I. - July 06, 2005 - CVS announced today that, through its pharmacy stores and PharmaCare subsidiary mail-order facilities, it will provide prescription services to UnitedHealth Medicare plan participants. CVS said that Medicare beneficiaries who receive Part D drug coverage through UnitedHealth will be able to maintain 30- and 90-day prescriptions through CVS.
CVS also reported that it will partner with UnitedHealth to help Medicare beneficiaries understand how the new Medicare prescription drug program can provide significant savings on prescription medications.
"Our mission is to make it easier for Medicare beneficiaries to understand the new Medicare prescription drug program and how to use the benefit most effectively. UnitedHealth Group shares our commitment and will be a key ally in our effort to provide Medicare beneficiaries with educational materials that are consumer friendly and easy to use," said Tom Ryan, chairman, president and chief executive officer of CVS.
In other company news, CVS announced that its board of directors has approved its quarterly dividend of 3.625 cents per share of common stock. The dividend is payable Aug. 1 to holders of record as of July 21.
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©2005 Drug Store News Online
Source: Lebhar-Friedman
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