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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.
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.
US House of Representatives, Committee on Veterans Affairs, Subcommittee on Oversight and Investigations. May 25, 2000. Testimony of John E. Ogden, M.S. Chief Consultant for Pharmacy Benefits Management, Department of Veterans Affairs. VA's Consolidated Mail Output Pharmacy Program. United States of America v. Joseph Haymond, Case 3:05–03107.
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]
Express Scripts is one of the largest pharmacy benefits managers and companies in the United States. The company offers Part D prescription drug plans in all 50 states, Puerto Rico, and Washington ...
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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 ...
In 2008, Surescripts merged with RxHub which was formed by a consortium of pharmacy benefit management companies comprising CVS Caremark, Express Scripts and Medco Health Solutions. According to the U.S. Department of Health and Human Services, in 2014 96% of U.S. community pharmacies and 70% of U.S. physicians used Surescripts' e-prescription ...