CVS Caremark helps a variety of pharmacy benefit management (PBM) clients, which include employers, unions, health plans and government payors, control rising drug prices.
Is CVS a pharmacy benefit manager?
CVS Health has been the pharmacy benefit manager for the Service Benefit Plan, which has provided benefits to the federal workforce, since 1993.
What are the big 3 PBMs?
We estimate that for 2020, the big three PBMs—CVS Health (including Caremark and Aetna), the Express Scripts business of Cigna, and the OptumRx business of UnitedHealth Group—processed about 77% of all equivalent prescription claims.