CVS to overhaul drug-pricing model to boost transparency amid scrutiny of high cost for meds

Pharmacy giant CVS Health on Tuesday announced an overhaul of its drug-pricing model to boost transparency amid scrutiny of the soaring cost for medications. The new system, called CVS CostVantage, will shift to fixed rates for reimbursements from pharmacy benefit managers and insurers, per the announcement, which was earlier reported on by The Wall Street...