🔥 Hot Corner

Wednesday, Dec 6, 2023

🔥 The Hot Corner

💬 Quoted… “It’s a fundamental change in how pharmacy services are priced.”

  • CVS Health, the nation’s largest drugstore chain, is moving away from the complex formulas used to set the prices of the prescription drugs it sells and shifting to a simpler model that could upend how American pharmacies are paid, the WSJ reports. Quick context: pharmacies are typically paid using a system not directly linked to what they spent to purchase the drugs. But moving forward, CVS is tying its reimbursement to what it pays for the drugs – a model sometimes known as “cost plus,” similar to what's used by Mark Cuban’s discount pharmacy. Consumers should see some drugs cost less under the model, while others could rise in price – however, more should show declines than increases, per CVS execs.

😬 Stat of the Day: Trust issues aren’t just for single millennials. Recent polling data shows only 36% of Gen Z-ers say they have “a great deal” or “quite a lot” of trust in science – and the trust numbers only get worse when it comes to the criminal justice system (23%) and the news (16%). (Shameless plug: if you know any Gen Z-ers looking for enjoyable, nonpartisan, and trustworthy news, make sure to send ‘em your DONUT referral link; it can be found at the bottom of this newsletter.)

🤔 Did You Know?... In every US state, whoever pushes the button on a slot machine is entitled to the winnings. This law was tested in 2017, when a man who had his female friend push the slot machine button for good luck won nothing, while she went home with the entire $100,000 jackpot.

📰 Worth a Read: Why Franklin, Washington and Lincoln considered American democracy an 'experiment' – and were unsure if it would survive → (The Conversation)

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