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FTC chair Lina Khan said in a 2022 letter to Congress that she is concerned about the impact of PBM's ... OptumRx, CVS 's Caremark, and ... "The majority of these disputes are resolved by phone ...
The FTC published an incomplete report with flawed conclusion, said Optum Rx. PBM shares slipped upon the report's release, with CVS down 1%, Humana falling 1.2%, and UnitedHealth down marginally.
Optum was formed as a subsidiary of UnitedHealth Group in 2011 by merging UnitedHealth Group’s existing pharmacy and care delivery services into the single Optum brand, comprising three main businesses: OptumHealth, OptumInsight and OptumRx. [2] In 2017, Optum accounted for 44 percent of UnitedHealth Group's profits. [3]
Catamaran Corporation (formerly SXC Health Solutions) is the former name of a company that now operates within UnitedHealth Group's OptumRX division (since July 2015). It sells pharmacy benefit management and medical record keeping services to businesses in the United States [3] and to a broad client portfolio, including health plans and employers. [4]
Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States. [2] Express Scripts had 2016 revenues of $100.752 billion. [2]
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Number of employees. c. 440,000 ... UnitedHealthcare started its first pharmacy benefit management, ... This business was later rebranded OptumRx.
Three companies controlled 79% of U.S. pharmacy benefit management in 2022, according to the data platform Statista: CVS Caremark with 33%, Express Scripts at 24%, and OptumRx owns 22% of the market.