Blue Shield of California on Aug. 17 unveiled plans for a new pharmacy care model that aims to boost transparency and affordability for members. Namely, the insurer is swapping PBMs — trading CVS Caremark for Amazon Pharmacy and Mark Cuban’s Cost Plus Drug Co. CVS will continue to manage specialty pharmacy benefits, however. “We are working with like-minded partners to create a completely new, more transparent system that gets the right drugs to the right people at the right time at a substantially lower cost,” Paul Markovich, president and CEO of Blue Shield of California, said in a statement. The Blues affiliate is currently the fifth-largest insurer in California, with 3,031,854 enrollees. Nearly 70% of its members are enrolled in commercial risk-based products.
Source: AIS’s Directory of Health Plans