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In The News: Yesterday’s deal between Aetna and CVS Caremark, with the latter handling the details of the former’s Pharmacy Benefit Plan for 12 years, drew mixed reviews from Wall Street. The deal takes the IT and fulfillment sides of such plans away from the insurer and gives them to the pharmacist. But is that the way to maximum profit? Wellpoint didn’t think so. It sold its PBM outright to ExpressScripts last year. Technically, Aetna is keeping its plan, even though it no longer controls its cost or quality. Some analysts aid the deal saved CVS’ quarter, which missed its expected numbers. Others said it helped make Aetna a buy, even after a big second quarter. | Pharmacy | Pills | Alpha Index
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