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CalPERS Taps UnitedHealth To Run Its Prescription Drug Business
California Healthline

The California Public Employees’ Retirement System has picked a unit of UnitedHealth Group to run its pharmacy business, hoping the nation’s largest health insurer can help contain the soaring cost of prescription drugs.

Now CalPERS will turn its attention to setting health insurance rates for 2017.

The CalPERS board voted unanimously Wednesday to follow its staff’s recommendation to award a five-year contract to OptumRx, the pharmacy-benefit division of UnitedHealth.

Optum beat out two other industry giants, Express Scripts and CVS Health, which is the current pharmacy-benefit manager for CalPERS.

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