The Public Employee Retirement System of California (CALPERS) has signed a five -year contract with CVS Caremark as Pharmacy Benefit Manager, the organization announced on Tuesday. CVS is replacing Optumrx, which served Calpers for nine years.
Calpers is a public pension fund, which offers retirement and health benefits for state, school and public agency members. A través del nuevo contrato, CVS proporcionará beneficios de medicamentos recetados para pacientes ambulatorios para aproximadamente 587,000 miembros inscritos en planes básicos o de Medicare HMO o PPO, lo que representa alrededor del 40% de los 1.5 millones de miembros que recoreugh beneficios a través de los beneficios a través de los beneficios a través de los beneficios a través de ABSMIBIS ABSMITS ABSMITS ABSMITS ABSIBITS ABSIBITS ABSIBITS ABSIBI
The new contract enters into force on January 1, 2026. As part of the contract, CVS will have to meet certain costs of cost and quality. The company runs the risk of $ 250 million if the objects of Methth desires are not met, of loplutually related to the improvisation of high blood pressure and diabetes.
“By holding the PBM responsible for the delivery of results, we are aligning their interests with those of our members and their employers in the public sector,” said Don Molds, director of Health Health of Calpers, in a statement. “This contract is designed to ensure that every dollar spent on prescription medications delivers value for our members and guarantees the sustainability of our program.”
Calpers said in his announcement that he selected CVS Caremark about other suppliers because or their demonstrated capacity to offer more affordable medication benefits and their commitment to performance guarantees in key areas such as quality management. Cost Trends “” “” “” “” “” “” “” “” “” “” “” “
CVS said he is “honest” to work with Calpers.
“Every day we work to negotiate the lowest cost of medicines, identify safe and clinical effective therapies and support the unique needs of our clients,” said Ed Devaney, president of CVS Caremark, in an email. “Through innovation and a relentless approach to improving the experience of the members, we are promoting better health results and the low pocket costs for consumers. We are committed to building a solid and collaborated relationship that is a benefit that is probable for the members of their plan.”
The contract with CVS arrives at a time when PBMS (partly the great three: CVS Caremark, Optumrx and Express Scripts) face a lot of scrutiny for their vertical insurers, they are often blamed for the growing recipe. These three PBMs control 80% of the prescription drug market.
Last week, a group of bipartisan legislators introduced a bill that would take energetic measures against PBM. Numerous bills that address PBMs have also been introduced, and the state of Arkansas recently created a law that prohibits PBMs that have pharmacies in the state.
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