CVS Caremark to stop the sale of cigarettes and tobacco products
CVS Caremark recently announced that it will discontinue the sale of cigarettes and other tobacco products. CVS Caremark is a well-known pharmaceutical chain whose primary focus is a reinventing pharmacy to help people on their path to better health. The news comes as a shock to many of its consumers with plans to affect 7,600 stores by October 2014. Not only is this going to affect tobacco users it will ultimately cause the company to lose approximately 2 billion dollars in annual revenue. I will say that I a m in agreeance with CVS with making this drastic decision as it will eventually enhance the company’s mission statement as stated by President and Chief Executive Officer, Larry Merlo, “inconsistent with our purpose-reducing chronic disease…cigarettes and tobacco products have no place in a setting where health care is delivered. Discussion
CVS will be setting an example to other pharmaceutical companies because the change will be steps taken to aid in the decrease of illnesses and diseases caused by tobacco use. Even though the company is projected to lose billions in the long run it will help to decrease healthcare costs, which goes to show the company in a positive and un-selfish light. The company will become the first to enforce this type of ban on the sale of cigarettes and tobacco products. Along with the ban the stores will be offering smoking cessation programs and pharmacists will offer information that may also aid in the non-use of tobacco products. The decision was made final after several years of research and pressure from groups known as the American Medical Association and the American Pharmacists Association. CVS Caremark became serious about their health care efforts when their chief medical officer, Troy Brennan was asked,”’The question we get from health care providers is, How serious are you about health?”’ and his reply was, “’This decision indicates exactly how serious we are.”’ (Park, A., 2014).
Not only was the decision
CVS will be setting an example to other pharmaceutical companies because the change will be steps taken to aid in the decrease of illnesses and diseases caused by tobacco use. Even though the company is projected to lose billions in the long run it will help to decrease healthcare costs, which goes to show the company in a positive and un-selfish light. The company will become the first to enforce this type of ban on the sale of cigarettes and tobacco products. Along with the ban the stores will be offering smoking cessation programs and pharmacists will offer information that may also aid in the non-use of tobacco products. The decision was made final after several years of research and pressure from groups known as the American Medical Association and the American Pharmacists Association. CVS Caremark became serious about their health care efforts when their chief medical officer, Troy Brennan was asked,”’The question we get from health care providers is, How serious are you about health?”’ and his reply was, “’This decision indicates exactly how serious we are.”’ (Park, A., 2014).
Not only was the decision