CVS Health, UnitedHealth Group, and Walgreens collectively control over half of U.S. prescription revenue, dominating the market share alongside other large operators.
2 reports, 2 independent
Updated May 28
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
CVS Health, UnitedHealth Group, and Walgreens collectively control over half of U.S. prescription revenue, dominating the market share alongside other large operators.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- PBMs handle 80% of prescriptions in the US.Sub-event
- Walgreens is preparing to go private this year, while David Joyner has been appointed CEO of CVS Health.Sub-event
- CVS Health and UnitedHealth Group offer Pharmacy Benefit Manager (PBM) services in the market.Sub-event
- Evernorth invested in a former business unit of Walgreens.Sub-event
- CMS rate updates affect managed care stocks, including Humana, which are tracked by Artisan Partners amidst global market uncertainty.Sub-event
- 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.Sub-event
CVS Health, UnitedHealth Group, and Walgreens collectively control over half of U.S. prescription revenue, dominating the market share alongside other large operators.1 source
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The entities involved
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CVS Health
company
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Walgreens
American pharmacy and convenience store chain