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Three Firms Vie To Run Drug Benefits For California Public Retirement System
Kaiser Health News

Three industry heavyweights are vying to run the prescription-drug business for one of the nation’s biggest health-care buyers, the California Public Employees’ Retirement System.

Express Scripts and UnitedHealth Group’s OptumRx unit are each trying to unseat the current pharmacy-benefits contractor, CVS Health. The stakes are high for the companies and CalPERS, which is struggling along with many employers nationwide to contain fast-rising drug costs.