The retailer is terminating its deal with its PBM, putting commercial and managed Medicaid beneficiaries out-of-network.
Source: www.healthcarefinancenews.com
Walmart Inc. has opted to drop CVS Caremark pharmacy benefit management and Managed Medicaid retail pharmacy networks due to a dispute in reimbursement rates. CVS Health has requested that Walmart continue to fill prescriptions as an in-network participating pharmacy through April 30. CVS Caremark Medicare Part D beneficiaries and Walmart’s Sam’s Club division would remain in the network. CVS Health expects no material impact on the financial results of the company in 2019.
