After a decade of managing pharmacy benefits for tens of thousands of state workers, a subsidiary of CVS Caremark has launched a legal fight to block the contract from going to another firm.
The Florida Department of Management Services this month said it planned to award the contract for managing more than $250 million a year in prescription-drug benefits to Medco Health Solutions.
CaremarkPCS Health filed a formal protest last week, and an administrative hearing is scheduled June 10.
The company wants to receive the contract or to get the department to throw out the results of a contracting process and start again.
The protest lists a series of reasons that Caremark thinks the process was flawed, including DMS’ consideration of how the contract award would affect economic development.
Medco guaranteed adding 400 jobs in Florida over two years.
