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CalPERS Selects CVS Caremark as PBM, Replacing OptumRx

SACRAMENTO COUNTY, CALIFORNIA, JUL 16 – CVS Caremark will manage outpatient drug benefits for about 587,000 CalPERS members with $250 million at risk tied to cost control and health improvements.

Summary by MedCity News
CalPERS has entered into a five-year agreement with CVS Caremark, who will provide outpatient prescription drug benefits for about 587,000 members enrolled in basic or Medicare HMO or PPO plans. The post CalPERS Selects CVS Caremark as PBM, Replacing OptumRx appeared first on MedCity News.

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CalPERS Selects CVS Caremark as PBM, Replacing OptumRx

CalPERS has entered into a five-year agreement with CVS Caremark, who will provide outpatient prescription drug benefits for about 587,000 members enrolled in basic or Medicare HMO or PPO plans. The post CalPERS Selects CVS Caremark as PBM, Replacing OptumRx appeared first on MedCity News.

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healthcaredive.comhealthcaredive.com
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CVS beats out UnitedHealth for CalPERS pharmacy benefits contract

The contract, though sizable, is likely immaterial to CVS’ earnings. But it moves the company in a positive direction as it struggles with recent challenges, an analyst said.

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healthcaredive.com broke the news in on Wednesday, July 16, 2025.
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