I received a letter from Caremark yesterday- dated 5/30/2013,saying
Medicine(S) Removed Preferred Medicine(S)
Vascepa Cap 1 GM Lovaza
These drugs will still be covered under your prescription plan:however ,starting on July1,2013,your copay may increase.
I called Caremark and asked to speak to a pharmacist. I asked him--Did you know that Lovaza raises LDL by 49%. Then I asked him which is important LDL or Triglyc.? He said LDL. So I told him that you are asking me to switch to Lovaza and increase my risk of heart attack. He was shocked--he went back-read the brochure for Lovaza--and noted it said Lovaza raised LDL by 45%. He did not add Placebo figures.
He said that he will point it to his supervisor.
So it seems,GSK is playing its games of regaining lost customers.
Doubt it. Talked to my Pharmacy yesterday and they have no news on preference, but carry Vascepa now. He wsnted to read up on it after I told him about it. So this is an indication that we are in the education phase for Doctors, patients, and Pharmacists, but once educated they will push Vascepa...and Caremark is not monolithic. If you did receive a one off it is because the place you worked for made the call to be cut their own costs of providing coverage to you....this did not come from Caremark. Ask them. Of course you comment is suspect regardless. This is still a strong buy at the current absurdly low share price. If Elan....or other ...for exsmple makes another positive statement we will see a major jump as always happens with this stock.
Sentiment: Strong Buy
After reading your post since I have CVS Caremark I had to call and ask for myself. Their reply was Vascepa and Lovaza were both non-preferred. They don't have a preferred medicine for "Just lowering Triglycerides", however they did say they will send a request for Vascepa since they are getting a lot of requests for it. I had to talk with more than one Pharmacist because they were a little baffled at the fact that for just lowering Trigs there is no preferred brands period.
Mtdsus, you have been around here a long while, you need to send the letter via email, fax or however, to amrn something just does not seem right and AMRN should be notified so it can take action.
I have sent it thru IR--today.
I told Caremark Pharmacist that the wordings in the letter is ILLEGAL--How can they suggest Lovaza knowing it raises LDL -C.
This is true-that Ireceived the letter.
We are writing to inform you that there has been a change to the CVS Caremark Primary/Preferred Drug List.
Our records show---that one or more of the medicines you may be currently taking is no longer preferred and as a result,may now have a higher copay*
Below you will find a list of your prescriptions affected by this change
Share this letter with your doctor and ask your doctor to consider changing your prescription to a preferred medicine.
It's easy to spot this as a lie bc in order to be a "preferred medice" you must be Tier 2. Vascepa is Tier 2 and Lovaza is NOT.. So to be removed from the preferred drug list would at some point involve that.
Easy to spot bashers bc when they try to get in debt with their lies it shows how much they don't know..
I also have Caremark, however, not on Vascepa. I went to the Caremark website and checked the drug costs if I were to be prescribed both Vascepa and Lovaza. Mail cost annually would be the same. Here's the kicker, though. Vascepa and Lovaza both have the "B" symbol next to them (meaning Brand, big deal). However, Lovaza also has an "N" which means Non Preferred. Vascepa does not have the "N".
The problem is the letter that somehow could force people to switch to Lovaza.
I told the pharmacist at Caremark that I buy Vascepa locally at Wegman with Vascepa Card.So my co pay is only 25$ for last prescription. Somehow Caremark is tied to all of my drugs history.
Anyhow,I have faxed the letter I received to Joe Z.