CVS Caremark Announces Results of 2009 Health IQ Study
August 13 2009 - 10:00AM
PR Newswire (US)
Findings underscore need to improve health outcomes, increase
access and control costs WOONSOCKET, R.I., Aug. 13
/PRNewswire-FirstCall/ -- CVS Caremark (NYSE: CVS) announced today
the results of its 2009 Health IQ study which examined consumer
attitudes and behaviors around health care and prescription usage.
Among its findings, the study underscores the need for expanded
health care coverage along with cost savings realized by improving
health care delivery. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO ) Of all
consumers surveyed, 13% reported that they were not covered by a
prescription drug health insurance plan. Those under the age of 65
and those with a household income of less than $50,000 are less
likely to be covered. Additionally, 15% of caregivers are not
covered. About 1 in 10 consumers (12%) don't obtain yearly
checkups, but the number jumps to 26% for those without
prescription drug coverage. While many consumers consider
prescription costs confusing, most (66%) have not spoken to anyone
in the past 12 months about how to save money on their
prescriptions and some (one-fourth) simply don't know who to ask.
Among the one-third who have sought advice, an equal proportion
spoke to their pharmacist or their doctor. "Prescription drugs
account for about ten percent of what we spend annually on health
care in the U.S.," said Troyen A. Brennan, M.D., Executive Vice
President and Chief Medical Officer, CVS Caremark. "Health care
reform and expanded coverage should include prescription drug
benefits because prescription medications are one of the most
effective ways to reduce overall health care costs." CVS Caremark
has made improving medication adherence a top priority. Through CVS
Caremark's Proactive Pharmacy Care program, the Company is focused
on helping consumers understand the benefits of taking their
medicine consistently, and how they can reduce the cost. CVS
Caremark's 25,000 pharmacists and other health care professionals
at the Company's 6,900 retail stores, 57 specialty pharmacies and
500 MinuteClinics help to ensure that customers take their
prescriptions, and renew them, in a timely fashion. CVS Caremark
pharmacists also inform customers about generic drugs which are a
low cost alternative to name-brand drugs. "When patients don't take
the medications prescribed by their doctors, it hurts their health
and can cost an estimated $177 billion annually," said Brennan.
"Consumers can improve their health while reducing health care
costs simply by sticking to their prescription drug regimens," said
Brennan. Survey methodology CVS Caremark commissioned a study in
April of 2009 among consumers in order to gain insight on
behaviors, attitudes, and beliefs surrounding health care in
general and prescription usage. An internet based study was
conducted among 2,000 consumers who report taking at least one
maintenance medication. The study was conducted by Cooper Research,
Inc, a health care research company based in Cincinnati, Ohio.
About CVS Caremark CVS Caremark is the largest provider of
prescriptions in the nation. The Company fills or manages more than
1 billion prescriptions annually. Through its unmatched breadth of
service offerings, CVS Caremark is transforming the delivery of
health care services in the U.S. The Company is uniquely positioned
to effectively manage costs and improve health care outcomes
through its more than 6,900 CVS/pharmacy and Longs Drugs stores;
its Caremark Pharmacy Services division (pharmacy benefit
management, mail order and specialty pharmacy); its retail-based
health clinic subsidiary, MinuteClinic; and its online pharmacy,
CVS.com. General information about CVS Caremark is available
through the Investor Relations section of the Company's Web site,
at http://www.cvscaremark.com/investors, as well as through the
press room section of the Company's Web site, at
http://www.cvscaremark.com/newsroom. Media Contacts: Carolyn Castel
Kelly Kass CVS Caremark Weber Shandwick (401) 770-5717 (617)
520-7274 http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO
http://photoarchive.ap.org/ DATASOURCE: CVS Caremark CONTACT:
Carolyn Castel of CVS Caremark, +1-401-770-5717, ; or Kelly Kass of
Weber Shandwick for CVS Caremark, +1-617-520-7274, Web Site:
http://www.cvscaremark.com/
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