WellCare makes CVS Health its pharmacy benefit manager

Health insurer WellCare Health Plans said it would change its pharmacy benefit manager to CVS Health Corp from UnitedHealth Corp’s Optum Rx, effective Jan. 1.

About 3.8 million WellCare members enrolled under its Medicaid, Medicare and prescription drug plans will be able to access CVS’ pharmacy network, WellCare said on Thursday.

Pharmacy benefit managers administer health plans and run large mail order pharmacies, helping insurers get better prices from drugmakers….

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