Oscar Health, CVS Caremark extend agreement through 2026

Oscar Health will keep CVS Caremark as its pharmaceutical benefit manager through 2026.

According to a March 6 news release, Oscar Health will continue to design its drug formulary, and CVS Caremark will provide pharmacy and engagement services. 

CVS Caremark has managed Oscar's pharmaceutical benefits since 2012. 

"CVS Caremark provided an attractive offer that not only supports our strategic business imperatives but also provides continuity for our members," Scott Blackley, chief transformation officer at Oscar Health, said. 

The company has more than 1 million individual and small group members, 62,000 Cigna+Oscar members and 4,400 Medicare Advantage members. 

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