Forbes December 5, 2024
The much-anticipated launch of Blue Shield of California’s drug benefit venture with Amazon Pharmacy and the pharmacy benefit manager Abarca will debut in January, executives involved say.
When the venture was first announced in August of last year, it sent the stocks of the nation’s largest managers of pharmacy benefits plummeting when Blue Shield confirmed it was dropping CVS Health’s Caremark pharmacy benefit manager (PBM) and going its own way.
In what Blue Shield has called its “Pharmacy Care Reimagined Initiative,” the companies involved have said they expect to save “up to $500 million in annual drug costs.”
On Wednesday, executives from Abarca and Amazon Pharmacy – key partners among the companies handling Blue Shield of California drug benefits –...
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