State Health Plan Reaches Contract Impasse with CVS Caremark over Pharmacy Benefit Services

State Health Plan reaches contract impasse with CVS Caremark over pharmacy benefit services

The Treasurer's Office said in a news release Thursday that 18 months of contract negotiations have resulted in “an untenable impasse" with CVS Caremark, "which potentially endangers the financial well-being of the State Health Plan."

NC State Health Plan may take legal action against vendor CVS Caremark

By Grace Vitaglione The health plan that covers some 750,000 current and former state employees and their families has hit a stone wall in negotiations with its pharmacy benefit manager, CVS Caremark, and is pondering legal action against the company, the Office of the State Treasurer announced on June 5. The company owes the state tens of millions of dollars and is trying to rewrite their contract to get out of having to pay it back, State Trea…

State Health Plan sees "impasse" with CVS Caremark - Business North Carolina

N.C. State Treasurer Brad Briner says the State Health Plan’s relationship with its pharmacy benefits manager, CVS Caremark, has “reached an untenable impasse.” Things have deteriorated to the point that the plan’s management is “evaluating its options to recover money owed and to determine its future relationship with Caremark,” according to a Thursday announcement. The State Health Plan provides benefits for over 750,000 state employees, retir…

State Treasurer Announces Stalled Contract Negotiations With CVS Caremark

RALEIGH – After months of negotiation, the Department of State Treasurer (DST), along with the State Health Plan (Plan), has reached an untenable impasse with CVS Caremark (Caremark) which refuses to honor its current contract with the State Health Plan, according to a press release. The negotiations with Caremark have been unsuccessful which potentially endangers […]