For Amazon, Mark Cuban And Abarca Pharmacy Venture, Growth May Run Through More Blue Plans
If the Amazon, Mark Cuban, Abarca venture is to grow, it may need to lure more Blue Cross and Blue Shield plans.
Source: forbes.com
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Prime Therapeutics Hires New CEO To Lead Pharmacy Benefit Combination With MagellanRx
Prime Therapeutics, a pharmacy benefit manager owned by Blue Cross and Blue Shield health insurers, promoted Mostafa Kamal to succeed the retiring Ken Paulus.
Source: forbes.com
Ohio names one pharmacy benefit manager for Medicaid to save cash
Ohio's grand quest to finally slay the dragon of overcharges by pharmacy benefit managers starts Monday with the rollout of a new $158 million contract by the state Medicaid agency. The Buckeye State's premise, a unique approach just approved by the federal government: It takes a PBM to beat a PBM. Bearing the sword on behalf of the state is Gainwell Technologies, a single PBM newly hired to work on behalf of Ohio taxpayers. The company will replace the multibillion-dollar conglomerates such as CVS Caremark and Express Scripts that currently serve as middlemen in the prescription drug suppl...
Source: dispatch.com