CVS Health CDR (NEO:CVS)
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CVS Partners with CMS to Broaden Outreach to Low Income Consumers
Eligible for Medicare Prescription Drug Benefit
Company Supports Government's Initiative to Reach Out to Over 8 Million
Eligible Individuals by 2006
WOONSOCKET, R.I., May 2 /PRNewswire-FirstCall/ -- CVS/pharmacy (NYSE: CVS),
America's largest retail pharmacy, today announced it has partnered with The
Centers for Medicare and Medicaid Services (CMS) to help enroll the over 8
million low income individuals eligible for the government subsidized Medicare
prescription drug benefit that takes effect January 1, 2006.
CVS will work with CMS and the Social Security Administration (SSA) to target
low-income seniors and persons with disabilities eligible for this program who
will not be automatically enrolled by CMS and the Social Security
Administration. CVS will launch outreach programs designed to both enroll
these individuals and help educate them about the new Medicare drug program.
"We are pleased to partner with CMS to help reach out to those individuals that
need this benefit the most. As America's largest retail pharmacy with over
5,400 stores across 36 states, we have interaction with over 4 million
customers a day, many of whom are eligible for these significant savings. We
will work with CMS to conduct education and enrollment activities, especially
in markets where the majority of low-income beneficiaries reside," commented
Tom Ryan, Chairman, President and CEO of CVS Corporation.
"Seniors place a great deal of trust in their pharmacist, so it's vital that
Medicare work with valued partners such as CVS to make sure all Medicare
beneficiaries, including those with low incomes, can make the most of the drug
coverage coming available in 2006," said CMS Administrator Mark B. McClellan,
M.D., Ph.D.
About CVS
CVS is America's largest retail pharmacy, operating more than 5,400 retail and
specialty pharmacy stores in 36 states and the District of Columbia. With more
than 40 years of dynamic growth in the retail pharmacy industry, CVS is
committed to being the easiest pharmacy retailer for customers to use. CVS has
created innovative approaches to serve the healthcare needs of all customers
through its CVS/pharmacy stores; its online pharmacy, CVS.com; and its pharmacy
benefit management and specialty pharmacy subsidiary, PharmaCare. General
information about CVS is available through the Investor Relations portion of
the Company's website, at http://investor.cvs.com/, as well as through the
pressroom portion of the Company's website, at http://www.cvs.com/pressroom.
CONTACT: Eileen Howard Dunn
VP, Corporate Communications
CVS/pharmacy
401-770-4561
Todd Andrews
Director, Corporate Communications
CVS/pharmacy
401-770-5717
DATASOURCE: CVS/pharmacy
CONTACT: Eileen Howard Dunn, VP, Corporate Communications, +1-401-770-
4561, or Todd Andrews, Director, Corporate Communications, +1-401-770-5717
both of CVS/pharmacy
Web site: http://www.cvs.com/pressroom
http://www.cvs.com/