CVS Caremark owes the State of West Virginia $1.4 million in civil penalties after the state’s insurance commissioner found it violated state code. The $1.4 million fine is based on 2,871 violations, ...

In the second quarter of 2024, CVS' health services segment, which includes its PBM unit, generated roughly 46% of its total revenue. Cigna's PBM contributed nearly 82% of its total Q2 revenue.

The Federal Trade Commission(FTC) announced on Sept. 20 that it filed a lawsuit against the three biggest PBMs in the country: CVS Health's (NYSE: CVS)Caremark Rx, Cigna Group's (NYSE: CI)Express ...

Caremark will provide outpatient prescription drug benefits to nearly 587,000 members enrolled in Basic or Medicare HMO and ...

CVS and Cigna have filed two separate lawsuits seeking to overturn Arkansas’ new law, which bans pharmacy benefit managers from owning or operating pharmacies in the state, from going into effect ...

CVS Health's Caremark, Cigna's Express Scripts and UnitedHealth Group's Optum control the majority of the U.S. pharmacy benefit market, with their parent companies also operating health insurance and ...

PBMs also process pharmacy claims. The largest are CVS Caremark; Express Scripts, which is Cigna’s PBM; and OptiumRx, which is UnitedHealth. The three companies control about 80% of the market.

The order doesn't clarify whether the pricing changes would affect Medicare or Medicaid. CVS owns CVS Caremark and Cigna owns Express Scripts, both of which operate as pharmacy benefit managers (PBM).