17 August 2023 - Blue Shield of California plans to stop using most of CVS Health's pharmacy benefit management services and work with others, including Amazon.com and Mark Cuban's drug firm, in a bid to reduce drug costs for its insurance plan members.

The non-profit insurer, which serves roughly 4.8 million members, said on Thursday it now plans to tap five different partners for services typically provided by pharmacy benefits managers, which negotiate drug prices with manufacturers.

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