CVS to Stop Sales of All Tobacco Products

By Michael Felberbaum and Tom Murphy, AP Business Writers CVS, the nation’s second-largest drugstore chain, is kicking the habit of selling tobacco products as it continues to shift its focus toward being more of a health care provider. The company said Wednesday that it will phase out cigarettes, cigars and chewing tobacco by Oct. 1 in its 7,600 stores nationwide, in a move that it says will help it grow its business that works with doctors, hospitals and others to …

CVS Price Error For Medicare Drugs: You May Get A Refund

Nearly 13,000 Medicare Part D beneficiaries will receive reimbursement checks from CVS Caremark, the Federal Trade Commission (FTC) announced Tuesday, as part of a $5 million settlement for overcharging on some drugs for seniors and the disabled. The checks are being sent to customers who overpaid for drugs used to treat epilepsy and breast cancer, among other illnesses, and who were forced into the so-called doughnut hole – in which no drug costs are reimbursed – as a result of …

See That Warning Sticker? Seniors Don’t, Study Says

You know those colorful little warning stickers that the pharmacist slaps on prescription pill bottles? Actually, you might not.  A new study says that most older adults ignore them, while most younger people read them. Michigan State University researchers used eye-tracking technology as well as follow-up memory tests to see whether people paid attention to the pill container stickers that say things like, “Do not consume alcohol while taking this medication,” or “Take with food.” They found that while everyone …