On Air Now

Current Show

Show Info »

Upcoming Shows

Program Schedule »

Tune in to Listen

95.7 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
63° Feels Like: 63°
Wind: SSW 18 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 59°

Tomorrow

Partly Cloudy 87°

Sat Night

Isolated Thunderstorms 60°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

U.S. lifts sanction on a CVS Caremark Medicare drug plan

(Reuters) - CVS Caremark Corp said on Friday that the Centers for Medicare and Medicaid Services lifted sanctions it had imposed earlier this year on a CVS Medicare drug plan aimed at seniors, allowing the company to resume enrolling members in 2014.

As of January 1, CVS Caremark, a pharmacy benefits manager and drugstore operator, will be able to resume marketing of its SilverScript Medicare Part D plan.

The CMS ban on some Medicare Part D plan activity arose in January after CVS converted to a new enrollment system, which led to service problems, such as an increase in calls and problems in processing claims. In some instances, patient claims could not be processed at pharmacies.

The sanction cost CVS $1.3 billion in sales in 2013, CVS said at its analyst meeting in New York on Wednesday.

(Reporting by Phil Wahba; Editing by Jan Paschal)

Comments