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Caremark Profits; Subscribers Lose

by Karoli on August 9, 2006

Via San Diego Source:

Caremark Rx Inc. (NYSE: CMX) led off another flurry of earnings reports with a 20 percent jump in second quarter profits. The pharmaceutical service provider also increased its full-year forecasts. Caremark added $1.05 to $55.69.

Yippee, Caremark. I, on the other hand, have suffered a loss of $1,107 through the second quarter of 2006 because of their refusal to cover Sticks’ meds. That’s a LOSS to help their PROFITS.

I wonder how many other subscribers are losing money so they can make money. Speak up in the comments if you’re one.

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Tagged as: Business, Insurance and Benefits

  • skookum2
    My PBM went behind my back and swtiched my 10 year drug from BRAND to GENERIC. I am willing to pay price differentials and not have the hassle of going to Canada,etc.
    The PBM got the signature of the doctor and he did not discuss this (or my changed health status) with me. I am firing this doctor and getting another one.
    I have a three month wait to get another specialist in this PPO plan. The switched
    prescription was over 8 months old. Can't the GREED wait until I can discuss the drug with the doctor as this is the only reason I go in once a year?


    3 of my friends also had this happen here in California and they are fuming.
    It is costing INSURANCE more money as we have to do extra office visits and fire doctors,etc. My drug was not one of the expensive ones in the first place!
  • Thanks, Mocha! It was a fun one to take.
  • Oh, that picture. That PICTURE. Wow. Awesome job.
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