On Tuesday, CVS Health Corp. (NYSE: CVS) announced that it would begin selling a subscription service for its platinum and gold memberships, known as PrescriptionClub.
The CVS Platinum Prescription service, which launched last year and is available to CVS Gold and Platinum members, will cost $19.99 per month and includes the ability to receive discounts on prescription drugs.
CVS is also introducing a new platinum membership called Gold Platinum, which will include unlimited access to Gold Platinum Platinum membership benefits, as well as access to the Gold Platinum Club, where members can save $25 off their first prescription purchase, as long as they have at least one prescription of the same type in their account.
The Platinum membership will be available for purchase starting in mid-November.
CVC’s Prescriptionclub, which is expected to debut in the coming months, is a subscription model similar to that offered by Amazon Prime.
The service has been available for at least two years, but CVS said that it was looking for ways to make it even more popular.
“We are working closely with our Prescription club members to enhance the service to make Prescription clubs even more appealing,” the company said in a statement.
“With our Prescriptions Club service, customers will be able to save up to 75% on prescription drug purchases.”
The CVC Prescription subscription will offer a mix of benefits.
The Gold Platinum Prescriptions will include one of the most popular savings plans in the industry: The savings are limited to the first $25,000 in prescription drug spending, with up to $200 savings per calendar year for the first two years.
That means that for the average Gold Platinum member, the savings will be about $4,600.
Prescription members can also enjoy the ability with the Gold Gold Club to make the same savings, but it will require a $5,000 upfront payment.
For the first five years, Gold Gold Platinum members can earn up to 50% on their first two prescription purchases, and for the second five years they can earn a maximum of $2,600 per prescription.
In addition, Gold Platinum and Platinum Gold members will earn $20 off the first prescription for the Gold and Gold Platinum club members.
Both Gold Platinum Gold and Silver members can choose the Gold Prescription discount.
Both Platinum Gold Platinum gold and Platinum Silver Gold and Bronze members can purchase the Gold prescription discount at the same time as they earn a Platinum Gold membership.
“CVS has been able to make this change as a pilot program, and we are excited to see the full benefits and benefits of the Prescription services coming to CVC Platinum Gold Prescriptions,” David DeMartini, CVC senior vice president of pharmacy services, said in the statement.
The launch of the Gold Club, which started in December, has been praised by many, including drugstores and drugstore owners, who see it as a way to bring the drugstore experience back to the pharmacy.
But there’s another side to the PrescriptionsClub program.
Many pharmacies have struggled to keep up with the demand for prescriptions, especially among younger consumers.
That’s made it harder for them to provide the best possible pharmacy experience, which has been a major concern for many drugstores.
The PrescriptionCards.com website says that in the first nine months of this year, pharmacies saw nearly 3 million new prescriptions for prescriptions with the CVS service.
“As drugstore chains struggle to meet the growing demand for prescription medications, we have seen a significant shift in the type of pharmacy experience pharmacy customers are accustomed to and expect,” Tim O’Neil, CEO of the Pharmacy Owners Association of America, said last month.
“Our pharmacy owners are seeing their pharmacy experience degraded as more and more pharmacies are unable to provide high-quality pharmacy experiences.
This has created a disincentive for them, as pharmacy owners have to make decisions that they feel will reduce the value of their business and their employees.
PrescriptionsCards, a website that tracks pharmacy spending, said that the number of prescription orders for CVS rose by 5.7% in January, to 1.1 million.
The growth was led by a jump in the number purchased for medical purposes, such as prescriptions for diabetes and hypertension.
The number of prescriptions bought for family planning and birth control increased by 6.5% in the same period, to 2.8 million.
Some of the reasons for the growth include rising prescription drug prices, and the fact that many patients are switching to CDPs.
The average price for a new prescription drug rose by nearly 2% last year, according to the National Association of State Boards of Pharmacy, an industry group.
And the average price of a CVS pharmacy rose nearly 8% in 2014.
The most expensive CVS drug was the $5.49 Percocet drug,