CVS Health

CVS Health is an American healthcare company that operates CVS Pharmacy and CVS Caremark and owns health insurer Aetna.

CVS Pharmacy: A U.S. retail pharmacy chain owned by CVS Health. Its stores form the company’s best-known retail business.
Pharmacy benefit manager: A company that administers prescription drug benefits for health plans and employers. CVS Caremark uses this model to negotiate drug prices and manage coverage.
Consumer Value Stores: The drugstore chain founded in Lowell, Massachusetts, in 1963 that became CVS Pharmacy. The original business began as a retail store selling health and beauty products.
Drug pricing in the United States: The systems and negotiations that determine what medicines cost patients, insurers, and public programs in the United States. CVS’s pharmacy and benefit-management businesses participate in drug-price negotiations.
CVS Caremark: A pharmacy benefit manager and mail-order pharmacy business owned by CVS Health. It manages prescription benefits alongside the retail pharmacy operation.
Formulary: A list of prescription drugs covered by a health plan, often with conditions or cost tiers. Drug coverage decisions shape how Caremark benefits and Aetna plans pay for medicines.
Caremark: A pharmacy benefit management company that merged with CVS in 2007. The merger brought prescription-benefit management into the CVS business.
Pharmacy deserts: Areas where residents have limited convenient access to a community pharmacy. Store closures by large chains such as CVS can affect local pharmacy access.
Aetna: A U.S. health insurance company owned by CVS Health. Its insurance business extends CVS Health beyond pharmacy services.
Vertical integration: A business strategy in which one company controls multiple stages of a supply chain. CVS Health owns businesses spanning insurance, drug benefits, pharmacies, and care.

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