Three state insurance committees in Tennessee voted collectively to award CaremarkPCS Health LLC a contract to manage the state pharmacy benefits. The five-year contract covers employees of the state, higher education, local education and local governments, as well as dependents. CaremarkPCS Health beat out three other bidders for the Tennessee health insurance contract.
Tennessee health insurance carriers, Blue Cross Blue Shield, Cigna, and United Healthcare were responsible for providing their own pharmacy benefits management. Caremark already serves as the pharmacy benefits manager for Blue Cross Blue Shield Tennessee.