CVS slashes lobbying costs by 13%

WOONSOCKET – CVS Caremark Corp. reduced its lobbying expenditures by 13 percent in the third quarter, according to The Associated Press.
CVS cuts its costs to $2.2 million from $2.6 million in the third quarter of 2011. It spent $2.3 million in the 2011 second quarter.
It lobbied Congress, the Department of Health and Human Services, and the Centers for Medicare and Medicaid Services, the AP said, citing a form filed Oct. 20 with the U.S. House of Representatives clerk’s office.
CVS focused on issued related to:

  • Prescription drug costs.
  • Pharmacy benefits management laws that would require pricing and contract information disclosure.
  • Corporate tax rates.
  • Medicare Part D prescription drug benefit.
  • Medicare and Medicaid plan design and cost savings.
  • Disclosures of protected health information.
  • Proposals that would change the delivery schedule for the U.S. Post Office.
  • Health insurance regulations.
  • Laws related to mail order prescriptions and generic drugs, drug safety and antitrust exemptions for pharmacies.

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