Wal-Mart Enters Pharmacy Benefit Manager Business

Setting up the possibility that other retailers might broaden their operations, Wal-Mart Stores chief executive officer Lee Scott said last week, the company has already entered into pharmacy benefit contracts with select employers in the U.S.

BENTONVILLE, Ark. — Setting up the possibility that other retailers might broaden their operations, Wal-Mart Stores chief executive officer Lee Scott said last week, the company has already entered into pharmacy benefit contracts with select employers in the U.S. Wal-Mart’s position in the contracts is to “help them manage how they process and pay prescription claims.” This is traditionally the role of a pharmacy benefit manager, although one other retailer, CVS/pharmacy, Woonsocket, R.I., st

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