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Medicare 2006
Nations Largest Pharmacy to Help Enroll Low-Income
for New Prescription Drug Program
May 2, 2005 The nations largest retail pharmacy,
CVS/pharmacy, today stepped up to the plate to offer assistance to the
Centers for Medicare and Medicaid Services in the enrollment of the 8
million low income senior citizens and others eligible for the Medicare
prescription drug benefit that takes effect January 1, 2006. How to get
these citizens enrolled has been a major concern for senior advocates.
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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.
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