Wellcare To Transition Pharmacy Benefit Management To CVS Health Beginning Jan. 1, 2016

WellCare Health Plans, Inc., a leading provider of managed care services for government-sponsored health care programs, announced today that it will transition its pharmacy benefit management (PBM) to CVS Health, the nation's second largest PBM company, effective Jan. 1, 2016. Beginning Jan. 1, CVS Health will administer pharmacy benefits and will process pharmacy claims for approximately 3.8 million WellCare members who participate in the company's Medicaid, Medicare and Prescription Drug Plan (PDP) programs across the country. WellCare members will have access to a robust pharmacy network, including national pharmacy chain stores and local pharmacies. The clinical . . .