Walmart will remain part of CVS Health’s Caremark prescription benefits management group after the two reached an agreement. The US retailer had said it would leave the network because higher prices were benefiting middlemen rather than its customers and that reimbursements received by its pharmacists were less than those paid to CVS equivalents. Walmart threatened to leave by multi-year if an agreement was not established, but the two have now signed a the end of April contract. Both expressed satisfaction with the terms, with Walmart now able to continue offering prescriptions.
Walmart will remain part of CVS Health’s Caremark prescription benefits management group after the two reached an agreement. The US retailer had said it would leave the network because higher prices were benefiting middlemen rather than its customers and that reimbursements received by its pharmacists were less than those paid to CVS equivalents. Walmart threatened to leave by the end of April if an agreement was not established, but the two have now signed a multi-year contract. Both expressed satisfaction with the terms, with Walmart now able to continue offering prescriptions.