CVS, Calpers Ink Pharmacy Benefits Contract

Dow Jones

Jul 16, 2025

By Katherine Hamilton

CVS Health's Caremark business signed a new pharmacy benefits contract with the California Public Employees' Retirement System, known as Calpers.

The five-year contract includes new financial terms with CVS and provides outpatient drug benefits for about 587,000 members, Calpers said Tuesday. That represents about 40% of Calpers's 1.5 million members who receive health care benefits.

CVS will begin providing benefits to Calpers members starting on Jan. 1. It replaces OptumRx, which is part of UnitedHeath Group.

Calpers said it chose CVS Caremark because it offered more affordable benefits than other vendors.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

July 15, 2025 17:51 ET (21:51 GMT)

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That represents about 40% of Calpers's 1.5 million members who receive health care benefits. \n</p>\n<p>\n  CVS will begin providing benefits to Calpers members starting on Jan. 1. 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That represents about 40% of Calpers's 1.5 million members who receive health care benefits. \n</p>\n<p>\n  CVS will begin providing benefits to Calpers members starting on Jan. 1. It replaces OptumRx, which is part of UnitedHeath Group. \n</p>\n<p>\n  Calpers said it chose CVS Caremark because it offered more affordable benefits than other vendors. \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 15, 2025 17:51 ET (21:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0208291251.USD","symbol_name":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2551197628","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551197628","pubTimestamp":1752616260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"CVS Health's Caremark business signed a new pharmacy benefits contract with the California Public Employees' Retirement System, known as Calpers.The five-year contract includes new financial terms with CVS and provides outpatient drug benefits for about 587,000 members, Calpers said Tuesday. 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That represents about 40% of Calpers's 1.5 million members who receive health care benefits. \n\n\n  CVS will begin providing benefits to Calpers members starting on Jan. 1. It replaces OptumRx, which is part of UnitedHeath Group. \n\n\n  Calpers said it chose CVS Caremark because it offered more affordable benefits than other vendors. \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 15, 2025 17:51 ET (21:51 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}