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Report: WellPoint PBM on the block

Wall Street Journal blog, March 10, 2009

Health insurer WellPoint has reportedly put its pharmacy benefits management business up for sale. Possible bidders include Medco, CVS Caremark, and Express Scripts, and the sale price is expected to total between $1 billion to $5 billion. Insurers with in-house PBMs say they are core to offering comprehensive packages to clients who want drug coverage.