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Large Employer Co-Op Using PBMs In Drug Coverage Initiative, For Now

 
• By Cathy Kelly

Health Transformation Alliance partners with CVS and OptumRx on project to lower drug spending in employer-sponsored insurance. Pilot effort expected to involve 20 corporations, save $600m over three years.

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The multi-corporation Health Transformation Alliance has decided to partner with two pharmacy benefit managers, CVS Health Corp. and UnitedHealth Group's OptumRx Inc.unit, as it embarks on an insurance reform initiative to lower prescription drug spending.

The decision acknowledges the value that PBMs can bring given the relatively small size of the population currently represented by...

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