Anthem launching PBM

Anthem Inc. (NYSE:ANTM) launched IngenioRx, a PBM which will begin offering services in 2020. The insurer also signed a five-year agreement through 2024 with CVS Health (NYSE:CVS), which is to provide services including prescription fulfillment, claims processing and point-of-service engagement services.

IngenioRx's oversight will include clinical strategy, formulary management, product development, member experience, sales, marketing and retail network strategy...