CVS to overhaul prescription drug pricing ...Middle East

CVS Pharmacy is revamping how it prices prescription drugs, doing away with a complex and opaque formula system to a much simpler model that could have major implications for how pharmacies get reimbursed.  In an announcement Tuesday, the company said its more than 9,000 pharmacies will be reimbursed by contracted pharmacy benefit managers (PBMs) and payors using a formula built on the cost of the drug, a set markup, and a flat fee to cover pharmacy services.   CVS said the new model, called CostVantage, aims to bring “greater transparency and simplicity to the system.” It is expected to launch for commercial payors in 2025, CVS said.  A similar payment model, sometimes known as

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