{"id":994158,"date":"2026-08-12T10:21:06","date_gmt":"2026-08-12T14:21:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions\/"},"modified":"2026-08-12T10:21:06","modified_gmt":"2026-08-12T14:21:06","slug":"new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions\/","title":{"rendered":"New study from CVS Caremark and Employee Benefit News shows how employers rely on their pharmacy benefit manager to create sustainable pharmacy solutions"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <i>Key opportunities include: managing GLP-1s, encouraging biosimilar substitution and employing technology to simplify and personalize the member experience <\/i>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\">WOONSOCKET, R.I.<\/span>, <span class=\"legendSpanClass\">Aug. 12, 2026<\/span> \/PRNewswire\/ &#8212; CVS Caremark, part of <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=3132371012&amp;u=https%3A%2F%2Fwww.cvshealth.com%2Fnews%2Fcompany-news%2Fcvs-health-to-deliver-faster-more-personalized-call-center-care.html&amp;a=CVS+Health\" target=\"_blank\" rel=\"nofollow\">CVS Health<\/a>\u00ae (NYSE: CVS), today announced the findings of a survey conducted in partnership with <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=1806944050&amp;u=https%3A%2F%2Fwww.benefitnews.com%2F&amp;a=Employee+Benefit+News\" target=\"_blank\" rel=\"nofollow\"><i>Employee Benefit News<\/i><\/a>\u00a0that reveals why employers are increasingly relying on their pharmacy benefit manager (PBM) partners to use their expertise, scale and purchasing power to help them manage their top concern: battling rising drug prices and maintaining access to quality care.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <img decoding=\"async\" src=\"https:\/\/mmx.prnewswire.com\/media\/MS434481\/CVS-Health-Logo-v1.jpg?id=OA2858023\" title=\"CVS Health (PRNewsFoto\/CVS Health)\" alt=\"CVS Health (PRNewsFoto\/CVS Health)\" \/>\n        <\/p>\n<\/p><\/div>\n<p>This year&#8217;s <i>The State of Pharmacy Management Survey<\/i>\u00a0findings show HR decision makers and executive leaders are focused on navigating the rising price of prescription drugs, managing access to expensive treatments such as GLP-1s, and encouraging the use of more cost-effective biosimilars.<\/p>\n<p>\n        <b>Key Findings<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>91%<\/b>\u00a0of employers are concerned about the high prices of medication for employees<\/li>\n<li>\n          <b>88% <\/b>of employers see PBMs as especially well positioned to reduce prescription drug costs for their businesses<\/li>\n<li>\n          <b>64%<\/b>\u00a0say PBMs have the greatest opportunity to improve access to affordable specialty medications<\/li>\n<\/ul>\n<p>&#8220;This data reveals the urgency behind employers&#8217; need for PBM partners who can address cost, first and foremost,&#8221; said Ed DeVaney, President, CVS Caremark. &#8220;There&#8217;s a clear opportunity to help employers navigate the evolving pharmacy benefits landscape while driving sustainable benefits for clients and members.&#8221;<\/p>\n<p>\n        <b>Opportunity for employers to encourage greater use of biosimilars<br \/><\/b>The survey findings also illustrate that biosimilars represent one of the largest untapped opportunities for employers to reduce drug costs in the U.S. health care market, offering clinically equivalent therapies to improve affordability and enhance access without compromising safety or efficacy.<\/p>\n<p>Today, only about half of employers (49%) are encouraging <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=2905715229&amp;u=https%3A%2F%2Fwww.cvshealth.com%2Fservices%2Fprescription-drug-coverage%2Fmember-affordability%2Fbiosimilars.html&amp;a=biosimilar+substitution\" target=\"_blank\" rel=\"nofollow\">biosimilar substitution<\/a>\u00a0while another 40% are actively considering or exploring it. With just 12% of employers reporting that they are educating employees about the cost savings potential, this study illustrates a significant opportunity for employers to do more to both create better awareness and understanding of the benefits of biosimilars and help their members access them.<\/p>\n<p>CVS Caremark has been an industry leader in promoting biosimilar adoption. Since April 2024, biosimilar formulary strategy has helped CVS Caremark clients and members realize more than $3.3 billion in gross savings related to Humira\u00ae (adalimumab), and the company is committed to <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=2938907844&amp;u=https%3A%2F%2Fwww.cvshealth.com%2Fnews%2Fcompany-news%2Fcvs-caremark-expands-biosimilar-adoption.html&amp;a=expanding+the+use+of+low-cost+biosimilars\" target=\"_blank\" rel=\"nofollow\">expanding the use of low-cost biosimilars<\/a>\u00a0across multiple therapeutic categories.<\/p>\n<p>On July 1, 2026, CVS Caremark transitioned from Stelara\u00ae (ustekinumab) on its most common commercial template formularies to prefer lower-cost, interchangeable biosimilar alternatives \u2014 Pyzchiva\u00ae and Yesintek\u00ae. Most members will pay $0\u00a0out-of-pocket for their therapy.<\/p>\n<p>\n        <b>Employers are planning for emerging areas of pharmacy spend, including GLP-1 weight management<br \/><\/b><br \/>\n        <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=2992183073&amp;u=https%3A%2F%2Fwww.cvshealth.com%2Fnews%2Fpbm%2Fbeyond-medication-a-whole-person-approach-to-lasting-weight-loss.html&amp;a=Weight+management\" target=\"_blank\" rel=\"nofollow\">Weight management<\/a>\u00a0has moved into the benefits mainstream, becoming a core component of modern benefits strategy. Seventy-seven percent of employers say the high cost of GLP-1 coverage is a concern \u2014 with 80% having either already limited GLP-1 coverage for weight loss or considering limits.<\/p>\n<p>CVS Caremark is focused on improving affordability and access to GLP-1s by <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=442513056&amp;u=https%3A%2F%2Fwww.cvshealth.com%2Fnews%2Fcompany-news%2Fcvs-caremark-delivers-affordability-and-access-to-glp-1-weight-management-medications-with-expanded-coverage-options.html&amp;a=increasing+access+to+GLP-1+weight+management+medications\" target=\"_blank\" rel=\"nofollow\">increasing access to GLP-1 weight management medications<\/a>\u00a0this year with expanded coverage options. In addition to negotiating lower prices with drug manufacturers, CVS Caremark works with clients to leverage the right GLP-1 management strategies for each employee population, including utilization management, <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=315660231&amp;u=https%3A%2F%2Fwww.cvshealth.com%2Fnews%2Fpbm%2Fbeyond-medication-a-whole-person-approach-to-lasting-weight-loss.html&amp;a=personalized+clinical+and+nutrition+support\" target=\"_blank\" rel=\"nofollow\">personalized clinical and nutrition support<\/a>\u00a0and more.\u00a0<\/p>\n<p>The lifestyle-first approach of the <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=4257702552&amp;u=https%3A%2F%2Fwww.cvshealth.com%2Fnews%2Fpbm%2Fcvs-weight-management-program-improves-health-outcomes-while-also-lowering-costs.html&amp;a=CVS+Weight+Management%E2%84%A2+program\" target=\"_blank\" rel=\"nofollow\">CVS Weight Management\u2122 program<\/a>\u00a0has driven sustainable weight loss results for members and cost savings for plan sponsors. Clients who adopted the program spent up to 26% less on GLP-1 medications for weight-loss compared to those who did not, and members who were previously on anti-obesity medication nearly doubled their pre-program weight loss while working with program clinicians on diet and lifestyle.<\/p>\n<p>\n        <b>Digital innovation is central to pharmacy benefits<br \/><\/b>As AI and digital enablement continue to transform the health care experience, employers are looking for pharmacy benefits partners who can leverage digital tools to make support more accessible, personalized and navigable for plan members, with 88% saying that digital tools and innovation as part of the health care experience are &#8220;here to stay.&#8221;<\/p>\n<p>CVS Caremark invests over $770 million in technology each year dedicated to\u00a0<a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=4259009567&amp;u=https%3A%2F%2Fbusiness.caremark.com%2Fwhat-we-do%2Finnovation.html&amp;a=member+innovation\" target=\"_blank\" rel=\"nofollow\">member innovation<\/a>, combining human touch with streamlined digital processes so members can receive the treatment they need quickly. As a <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=1050687467&amp;u=https%3A%2F%2Fbusiness.caremark.com%2Finsights%2F2025%2Fbalancing-act-ai-innovation.html&amp;a=founding+partner+of+the+Coalition+for+Health+AI+(CHAI)\" target=\"_blank\" rel=\"nofollow\">founding partner of the Coalition for Health AI (CHAI)<\/a>, CVS Caremark is also helping lead the way in safe and ethical use of AI in health care, all in support of improved health outcomes and a streamlined experience for members, clients and providers.<\/p>\n<p>\n        <b>Employers see pharmacy benefit costs as harder to control than other benefits<br \/><\/b>Only 30% of employers said they have significant influence over pharmacy costs, compared to 73% who said they have significant influence over the overall cost of maintaining a competitive benefits package. At the same time, employers are looking for PBMs to help manage pharmacy spending while maintaining access to affordable treatment options. Of those surveyed, 91% say they are very concerned about high medication costs for employees.<\/p>\n<p>CVS Caremark helps employers control drug costs and <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=4172111279&amp;u=https%3A%2F%2Fbusiness.caremark.com%2Fwhat-we-do%2Fmember-experience%2Faffordability.html&amp;a=make+medications+more+accessible\" target=\"_blank\" rel=\"nofollow\">make medications more accessible<\/a>\u00a0by working with drug manufacturers to negotiate <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=4111424815&amp;u=https%3A%2F%2Fwww.cvshealth.com%2Fabout%2Fpublic-policy%2Fdrug-costs.html&amp;a=affordable+drug+prices\" target=\"_blank\" rel=\"nofollow\">affordable drug prices<\/a>\u00a0for clients and members. Through the industry-leading pricing model, <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=1818313004&amp;u=https%3A%2F%2Fbusiness.caremark.com%2Finsights%2F2025%2Ftruecost-transparent-drug-pricing.html&amp;a=TrueCost\" target=\"_blank\" rel=\"nofollow\">TrueCost<\/a>\u2122, CVS Caremark allows clients to see true drug costs through acquisition-cost-based pricing and drug-level rebate values, enabling more pricing transparency, predictability and sustainability for plan administrators and members and improving affordability for high-quality treatment.<\/p>\n<p>View <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=3647187349&amp;u=https%3A%2F%2Fbusiness.caremark.com%2Finsights%2F2026%2Fstate-pharmacy-management.html&amp;a=The+State+of+Pharmacy+Management%C2%A0report\" target=\"_blank\" rel=\"nofollow\"><i>The State of Pharmacy Management<\/i>\u00a0report<\/a>.<\/p>\n<p class=\"prntal\">\n        <b>About\u00a0CVS Health<br \/><\/b><br \/>\n        <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4750292-1&amp;h=589497810&amp;u=https%3A%2F%2Finvestors.cvshealth.com%2Finvestors%2Fdefault.aspx&amp;a=CVS+Health\" target=\"_blank\" rel=\"nofollow\">CVS Health<\/a>\u00a0is a leading health solutions company simplifying health care one person, one family and one community at a time. As of June\u00a030, 2026, the Company had approximately 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics and a leading pharmacy benefits manager with approximately 87 million plan members. The Company also serves an estimated 37 million people through a broad range of health insurance products and related services. The Company&#8217;s integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.<\/p>\n<p>\n        <b>Media contact<br \/><\/b>Phil Blando<br \/>202-258-4978<br \/><a href=\"mailto:Phillip.Blando@CVSHealth.com\" target=\"_blank\" rel=\"nofollow\">Phillip.Blando@CVSHealth.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=NE24044&amp;sd=2026-08-12\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions-302849265.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions-302849265.html<\/a><\/p>\n<p>SOURCE CVS Health<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NE24044&amp;Transmission_Id=202608120900PR_NEWS_USPR_____NE24044&amp;DateId=20260812\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Key opportunities include: managing GLP-1s, encouraging biosimilar substitution and employing technology to simplify and personalize the member experience WOONSOCKET, R.I., Aug. 12, 2026 \/PRNewswire\/ &#8212; CVS Caremark, part of CVS Health\u00ae (NYSE: CVS), today announced the findings of a survey conducted in partnership with Employee Benefit News\u00a0that reveals why employers are increasingly relying on their pharmacy benefit manager (PBM) partners to use their expertise, scale and purchasing power to help them manage their top concern: battling rising drug prices and maintaining access to quality care. This year&#8217;s The State of Pharmacy Management Survey\u00a0findings show HR decision makers and executive leaders are focused on navigating the rising price of prescription drugs, managing access to expensive treatments such as GLP-1s, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New study from CVS Caremark and Employee Benefit News shows how employers rely on their pharmacy benefit manager to create sustainable pharmacy solutions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-994158","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New study from CVS Caremark and Employee Benefit News shows how employers rely on their pharmacy benefit manager to create sustainable pharmacy solutions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New study from CVS Caremark and Employee Benefit News shows how employers rely on their pharmacy benefit manager to create sustainable pharmacy solutions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Key opportunities include: managing GLP-1s, encouraging biosimilar substitution and employing technology to simplify and personalize the member experience WOONSOCKET, R.I., Aug. 12, 2026 \/PRNewswire\/ &#8212; CVS Caremark, part of CVS Health\u00ae (NYSE: CVS), today announced the findings of a survey conducted in partnership with Employee Benefit News\u00a0that reveals why employers are increasingly relying on their pharmacy benefit manager (PBM) partners to use their expertise, scale and purchasing power to help them manage their top concern: battling rising drug prices and maintaining access to quality care. This year&#8217;s The State of Pharmacy Management Survey\u00a0findings show HR decision makers and executive leaders are focused on navigating the rising price of prescription drugs, managing access to expensive treatments such as GLP-1s, &hellip; Continue reading &quot;New study from CVS Caremark and Employee Benefit News shows how employers rely on their pharmacy benefit manager to create sustainable pharmacy solutions&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-12T14:21:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mmx.prnewswire.com\/media\/MS434481\/CVS-Health-Logo-v1.jpg?id=OA2858023\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"New study from CVS Caremark and Employee Benefit News shows how employers rely on their pharmacy benefit manager to create sustainable pharmacy solutions\",\"datePublished\":\"2026-08-12T14:21:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions\\\/\"},\"wordCount\":1029,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mmx.prnewswire.com\\\/media\\\/MS434481\\\/CVS-Health-Logo-v1.jpg?id=OA2858023\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-study-from-cvs-caremark-and-employee-benefit-news-shows-how-employers-rely-on-their-pharmacy-benefit-manager-to-create-sustainable-pharmacy-solutions\\\/\",\"name\":\"New study from CVS Caremark and Employee Benefit News shows how employers rely on their pharmacy benefit manager to create sustainable pharmacy solutions - 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