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  2. Explainer-Why are US pharmacy benefit managers under fire? - AOL

    www.aol.com/news/explainer-why-us-pharmacy...

    Three companies controlled 79% of U.S. pharmacy benefit management in 2022, according to the data platform Statista: CVS Caremark with 33%, Express Scripts at 24%, and OptumRx owns 22% of the market.

  3. Pharmacy benefit management - Wikipedia

    en.wikipedia.org/wiki/Pharmacy_benefit_management

    Pharmacy benefit management. In the United States, a pharmacy benefit manager ( PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans.

  4. Walgreens launches specialty pharmacy unit to compete ... - AOL

    www.aol.com/finance/walgreens-launches-specialty...

    April 25, 2024 at 7:10 AM. Walgreens ( WBA) is standing up a new specialty pharmacy segment to compete in an increasingly crowded pharmacy benefits manager (PBM) and specialty pharmacy space. The ...

  5. How CVS evolved from retail pharmacy into health care ...

    www.aol.com/finance/cvs-evolved-retail-pharmacy...

    The Consumer Value Store first began in 1963 as a health and beauty retailer in Lowell, Massachusetts, before changing its name to CVS in 1964. Pharmacies within CVS stores were introduced later ...

  6. Express Scripts - Wikipedia

    en.wikipedia.org/wiki/Express_Scripts

    Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States. [2] Express Scripts had 2016 revenues of $100.752 billion. [2]

  7. Medco Health Solutions - Wikipedia

    en.wikipedia.org/wiki/Medco_Health_Solutions

    Medco Health Solutions, Inc. was an American Pharmacy Benefits Management (PBM) company. Medco provided pharmacy services to private and public employers, health plans, labor unions, government agencies, and individuals served by Medicare Part D Prescription Drug Plans. Medco was a member of the S&P 500 and ranked number 34 on the 2011 Fortune ...

  8. Bottom Line: PhRMA adds lobbying firepower for PBM ... - AOL

    www.aol.com/bottom-line-phrma-adds-lobbying...

    PhRMA spent more than $21 million on federal lobbying during the first nine months of 2023, twice as much as the Pharmaceutical Care Management Association, a PBM trade group, spent through the ...

  9. Pharmaceutical Care Management Association - Wikipedia

    en.wikipedia.org/wiki/Pharmaceutical_care...

    The Pharmaceutical Care Management Association (PCMA) is an American national trade association representing pharmacy benefit managers.According to the association's mission statement, PCMA advocates on behalf of its member companies, which claim to improve affordability of prescription drugs and quality of care through the use of tools such as electronic prescribing (e-prescribing), promoting ...