Bravo Wellness Applauds CVS Decision - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Press Releases
 All Press Releases     Submit Press Release

Bravo Wellness Applauds CVS Decision

Cleveland, OH - February 7, 2014 - CVS Caremark announced on Wednesday its decision to stop selling cigarettes, cigars and other tobacco products by October 1.  The company estimates that it will lose approximately $2 billion in revenues on an annual basis from the sale of tobacco products, but recognizes this step is necessary to help people on the path to better heath.

 “We have about 26,000 pharmacists and nurse practitioners helping patients manage chronic problems like high cholesterol, high blood pressure and heart disease, all of which are linked to smoking,” said Larry J. Merlo, chief executive of CVS. “We came to the decision that cigarettes and providing health care just don’t go together in the same setting.”

Bravo Wellness, the leader in wellness incentive programs for organizations, applauds CVS’s decision.  “In a time where 75% of healthcare costs are derived from chronic diseases that can be prevented with lifestyle changes, CVS is helping to make a strong statement that the time for fundamental change is now,” said Jim Pshock, president and CEO of Bravo Wellness.  “For CVS to take such a visible stance to further mitigate this public health issue is laudable.  It’s the first step of many that we can all take to positively change the outcome of America’s health.”

CVS’ decision comes a day after the World Health Organization released its World Cancer Report.  In this report, it is revealed that new cancer cases will rise from an estimated 14 million annually in 2012, to 22 million within two decades.  The report said about half of all cancers were preventable and could have been avoided if current medical knowledge was utilized.  It also states that diseases could be prevented by addressing lifestyle factors such as smoking, alcohol consumption, diet and exercise.   It adds that cutting smoking rates would have a significant impact, as lung cancer remained the most commonly diagnosed cancer (1.8 million cases a year) and the deadliest, accounting for about one-fifth of all cancer deaths worldwide.

“Sometimes you just need encouragement or an incentive to take the first step towards good health,” said Pshock. “Bravo has experienced the benefits and seen the results of implementing such policies first-hand.  By simply removing the temptation to purchase tobacco products and presenting smoking cessation options, CVS is supporting that position and helping people to live healthier lives.  It would be great if this is just the beginning of a new movement in America to get healthy.”   

About Bravo Wellness – Bravo Wellness is the thought leader in wellness incentive programs.  We offer consultative and administrative services to organizations looking to mitigate the rising cost of healthcare and minimize potential legal risks.  Utilizing our proprietary platform, and incorporating industry best practice standards, we deliver customized solutions that engage employees and foster personal accountability, rewarding results and progress.  From health improvement strategies to biometric screenings and incentives, Bravo provides a flexible solution bringing best-in-class providers to the table to develop and implement a comprehensive, compliant program.  Bravo Wellness and its subsidiary, IncentiSoft Solutions, are headquartered in Cleveland, OH.  For more information, visit www.bravowell.com.

For more information, please contact:
Corporate Marketing at 877.662.7286
One International Place
20445 Emerald Parkway Dr. SW
Suite 400    
Cleveland, OH  44135

Advisor News

  • Ask the right questions to turn clients into raving fans
  • The first 5 years of your career could determine the next 50
  • Your client’s $3 million portfolio doesn’t tell you their insurance needs
  • How life insurance can provide liquidity for wealthy families
  • Retirement providers turn to digital engagement to retain assets
More Advisor News

Annuity News

  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
  • Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity News

Health/Employee Benefits News

  • Samantha Wildow: CareSource, Molina to drop ACA Marketplace plans in Ohio in 2027
  • CareSource, Molina to drop ACA Marketplace plans in Ohio in 2027
  • Teachers criticize premium increase NJ teacher union says health premium hike of up to 34% 'unacceptable'
  • Investigators at Yale University School of Medicine Discuss Findings in Gene Therapy (Evaluating the Design and Implementation Challenges of the Centers for Medicare & Medicaid Services’ Cell and Gene Therapy Access Model): Biotechnology – Gene Therapy
  • Merger would create one of Minnesota’s largest health systems
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Franklin Madison introduces guaranteed issue life insurance
  • Panel: Insurers need to rethink products, distribution to close protection gap
  • AM Best Assigns Credit Ratings to Beibu Gulf Property & Casualty Insurance Company Ltd.
  • Why more policyholders are exploring what their life insurance is worth beyond surrender value
  • New York Life Investment Management to Acquire Majority Ownership Stake in Invictus Capital Partners
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.