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Aetna, CVS Caremark, Sign 12-year PBM Deal
Health Leaders Media

CVS Caremark has signed a 12-year contract to provide pharmacy benefit management services for 9.7 million Aetna customers.

Under the deal, announced this week, Aetna will retain its PBM and manage clinical programs, protocols and oversight of its pharmacy benefits business. CVS Caremark will serve approximately 9.7 million Aetna PBM members and administer approximately $9.5 billion in annual drug spending.