CVS Health and UnitedHealth Group offer Pharmacy Benefit Manager (PBM) services in the market.
1 report, 1 independent
Updated Aug 26
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What happened
CVS Health and UnitedHealth Group offer Pharmacy Benefit Manager (PBM) services in the market.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Under mounting regulatory pressure from state laws, companies like UnitedHealth Group and CVS Health are facing challenges regarding their management of prescription benefits.Sub-event
- UnitedHealth Group and CVS Health are competing in the large-scale healthcare sector and are seeking a buyer for the Omnicare business unit.Sub-event
Both companies provide PBM services in the market.1 source
Keep exploring
Part of
CVS Health, UnitedHealth Group, and Walgreens collectively control over half of U.S. prescription revenue, dominating the market share alongside other large operators.Also in this story
- PBMs handle 80% of prescriptions in the US.
- CMS rate updates affect managed care stocks, including Humana, which are tracked by Artisan Partners amidst global market uncertainty.
- Advocates including Mark Cuban, Elizabeth Warren, and Josh Hawley are pushing for a 'Break Up Big Medicine' bill, citing regulators' failure to curb market consolidation.
The entities involved
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UnitedHealth Group
for-profit health care company
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CVS Health
company
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Coverage
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