WOONSOCKET, R.I. — CVS Caremark announced on Friday that the Centers for Medicare and Medicaid Services has lifted the sanctions imposed against the company's SilverScript Medicare Part D Prescription Drug Plan, effective Jan. 1.
"We are pleased by this news," stated Jon Roberts, president of the PBM business of CVS Caremark. "We have worked hard to implement improvements to address the enrollment processing issues that occurred in early 2013 and are committed to providing our members with quality service and support."
As of Jan. 1, CVS Caremark will resume marketing of its SilverScript Medicare Part D PDP products, and the company can begin enrolling beneficiaries. The removal of the sanction does not affect the financial guidance provided at the company's annual Analyst Day held Dec. 18.