Blue Shield California Partners with Amazon and Mark Cuban's Drug Company, Leaving CVS Behind
Blue Shield of California, a major health insurer, is partnering with Amazon Pharmacy and Mark Cuban Cost Plus Drug Company to lower prescription drug costs for its 4.8 million members. By ditching CVS Health's Caremark as its pharmacy benefit manager, Blue Shield expects to save up to $500 million annually. The move aims to address the opaque practices of pharmacy benefit managers and create a more transparent and affordable system. Amazon's involvement in the healthcare sector continues to expand, with acquisitions and the launch of its own pharmacy services.