Blue Shield Of California Unveils New Pharmacy Care Model: Drops CVS Health Caremark As PBM & Collaborates With Five Suppliers

Blue Shield of California announced a new pharmacy care model that will rely on multiple partners including Amazon Pharmacy and Mark Cuban Cost Plus Drug Company. To launch the new model, Blue Shield of California is ending its pharmacy benefit management (PBM) contract with CVS Caremark. The model is part of the Blue Shield Pharmacy Care Reimagined initiative, a multi-year strategy projected transform the system and save up to $500 million in annual drug costs for its 4.8 million members.

Through the Blue Shield Pharmacy Care Reimagined initiative, the company is seeking to transform the system into a . . .