Monday, July 25, 2011

UHC to make PBM change effective January 1, 2013

On July 21, Medco announced an agreement to merge with Express Scripts. At the same time, Medco announced that it will not renew its contract to provide pharmacy benefits administration services to UnitedHealthcare (UHC) customers. The contract ends December 31, 2012 and includes a transition period thereafter.

As such, UHC has announced that they will be prepared to transition services currently handled by Medco to UnitedHealth Group's in-house pharmacy benefits manager (PBM), Prescription Solutions by OptumRx, when the Medco contract ends.  This change will not occur for more than a year, and until that time it is business as usual for UnitedHealthcare members, who should continue to use their pharmacy benefits as they have been.

UHC is confident about all this change will offer UHC customers.  OptumRx has made significant investments in its infrastructure and technology to expand its capacity and strengthen its operations for continued growth.  We will continue to keep you informed as any updates on this transition are announced.

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