Tag: Pharmacy Benefit Managers
Blue Shield Of CA Removes CVS As Pharmacy Benefit Manager In Favor Of Amazon & Others
Non-profit health insurance company Blue Shield of California, which covers 4.8 million people in the state, announced on Thursday that they will be switching pharmacy benefit managers from CVS Health Caremark to several other companies, including Amazon Pharmacy and Cost...
Attorney General Rob Bonta Sues Insulin Makers, Pharmacies Over Insulin Prices
Attorney General Rob Bonta announced on Thursday that the California Department of Justice is suing the country’s largest insulin makers and pharmacy benefit managers (PBMs) over violations of the state’s Unfair Competition Law and driving up the cost insulin severely...
On Drug Costs, Lawmakers Need to Think Twice
After more than 25 years in the insurance business, these past two years have brought unprecedented challenges and curve balls I certainly didn’t see coming. Prior to early 2020, it had honestly not occurred to me that a global pandemic...