Datapoint: Oscar Renews PBM Contract With CVS
Startup insurer Oscar Health last week said it has renewed its PBM contract with CVS Caremark. The move will extend the companies’ agreement through 2026. Oscar plans to continue to “drive formulary design” while CVS Caremark will provide “pharmacy and health engagement services,” including access to its pharmacy network. While the startup has faced financial setbacks since going public, Oscar is still the fourth-largest insurer on the Affordable Care Act exchanges, serving 1,021,634 members overall.
Source: AIS’s Directory of Health Plans