(Washington, DC) – WellPoint, Inc. is the newest member to join the Pharmaceutical Care Management Association (PCMA). PCMA is the national association representing pharmacy benefit managers (PBMs), which administer prescription drug plans for more than 210 million Americans with health care coverage provided through small businesses, Fortune 500 employers, health insurers, labor unions, and Medicare Part D.
“PCMA is pleased to add WellPoint as our newest member,” said PCMA President and CEO Mark Merritt. “Payers and consumers from across the spectrum recognize that PBMs provide ‘workable’ prescription drug solutions for policymakers seeking to balance cost and access.”
“WellPoint has a unique role in the insurance market as the nation’s largest healthcare benefits company that also continues to maintain control over our formulary and clinical programs,” said Pete Clagett, WellPoint’s Vice President, Pharmaceutical Strategies, PBM Oversight and Support. “We look forward to working with PCMA to communicate with the news media, policymakers, and others the integral role PBMs play in lowering costs and enhancing access for consumers and payers.”