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Value insurance plans encourage maintenance of medication therapiesPosted On Tue, February 16, 2010
A new study from CVS Caremark has found that health insurance coverage that prioritizes value when it comes to medication costs can drastically help patients begin, and maintain, their medication therapy.
According to a study, conducted by the pharmaceutical healthcare provider, both initiation and adherence rates for diabetes patients who were given insulin or an oral diabetes medication were higher for those who had insurance plans that stressed value.
Overall, those who were enrolled in value-based insurance plan designs had a higher initiation rate than those with standard insurance plans (2.3 percent versus 1.6 percent) while fewer value-based customers (16 percent) ended up discontinuing care than those on normal insurance plans (24.3 percent).
"As the health care debate continues, one thing is clear: We all have to find ways to make health care more affordable," said Dr. Troyen A. Brennan, executive vice president and chief medical officer of CVS Caremark. "Our passion and expertise is to help our clients receive the best pharmacy care available, and that can be achieved by focusing on adherence to impact the health of our customers and help take costs out of the health care system."
The results of the research will be utilized in the development of programs to ensure that patients, no matter what their insurance plan, remain on their medications and get the proper help they need.
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