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CVS Caremark Statement Addressing Fiscal Cliff

WOONSOCKET, R.I., Nov. 21, 2012 /PRNewswire/ -- Larry J. Merlo, President and CEO of CVS Caremark, today issued the following statement:

"CVS Caremark customers are the hard working American families who are making decisions now about how to budget for the holidays and early next year. Their confidence has already been tested by persistent high unemployment and fragile economic growth. Our customers want to know that our leaders in Washington are working on their behalf to solve the real problems facing America.

"CVS Caremark is pleased that policymakers of both parties appear committed to working together to avert the looming 'fiscal cliff' and focus on pragmatic, sensible solutions. What America and American families need now is follow-through.

"CVS Caremark urges President Obama and Congress to work together, on a bipartisan basis, to enact tax reform that spurs economic growth, entitlement reform that preserves America's safety net for future generations and sound fiscal policy that sets the stage for long-term growth and job creation."

(Logo: http://photos.prnewswire.com/prnh/20090226/NE75914LOGO )

About CVS Caremark CVS Caremark (NYSE: CVS) is dedicated to helping people on their path to better health as the largest integrated pharmacy company in the United States. Through the company's more than 7,400 CVS/pharmacy stores; its leading pharmacy benefit manager serving more than 60 million plan members; and its retail health clinic system, the largest in the nation with more than 600 MinuteClinic locations, it is a market leader in mail order, retail and specialty pharmacy, retail clinics, and Medicare Part D Prescription Drug Plans.  As a pharmacy innovation company with an unmatched breadth of capabilities, CVS Caremark continually strives to improve health and lower costs by developing new approaches such as its unique Pharmacy Advisor program that helps people with chronic diseases such as diabetes obtain and stay on their medications.  Find more information about how CVS Caremark is reinventing pharmacy for better health at info.cvscaremark.com.

Media Contact: Carolyn Castel carolyn.castel@cvscaremark.com (401) 770-5717

SOURCE CVS Caremark

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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