AXIOS June 21, 2019
Caitlin Owens

A lawsuit filed by CVS against a former employee suggests that major industry players are more worried about Amazon’s foray into health care than they initially let on, CNBC reports.

What’s happening: Amazon gained a pharmacy arm when it acquired PillPack, and it’s also part of the trio that has formed Haven.

  • UnitedHealth has also sued a former employee for attempting to join Haven.

The incumbent companies are worried that Amazon could negotiate directly with insurers, cutting out the need for pharmacy benefit managers.

  • CVS’ PBM arm made up about 60% of its overall revenues in 2018.
  • “Given...

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Topics: Insurance, Payer, Pharma, Provider, Retailer
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