Wal-Mart's PBM Entry May Clear Retail Path

Wal-Mart Stores has found a way to enter the pharmacy benefit management sector without officially becoming a pharmacy benefit manager. Its move sets the stage for supermarket pharmacies hoping to gain a portion of the PBM business themselves, according to industry sources. However, retailers even Wal-Mart would need to follow in the footsteps of CVS/pharmacy, Woonsocket, R.I., and

BENTONVILLE, Ark. — Wal-Mart Stores has found a way to enter the pharmacy benefit management sector without officially becoming a pharmacy benefit manager. Its move sets the stage for supermarket pharmacies hoping to gain a portion of the PBM business themselves, according to industry sources.

However, retailers — even Wal-Mart — would need to follow in the footsteps of CVS/pharmacy, Woonsocket, R.I., and acquire a major PBM like Caremark, Nashville, Tenn. (the combined entity

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