FROM THE FOUNDATION

Redefining the Safety Net

Should California establish a Basic Health Program for certain low-income residents? CHCF's Marian Mulkey captures a recent policy conversation in a Health Affairs blog.

Accountable Care in Action

A new post on the Health Affairs blog details how CalPERS kept costs down in Sacramento through a "virtual" ACO with insurers and providers.

Career Opportunity: Senior Program Officer

This position will play a major role in furthering the goals and objectives of the foundation's Better Chronic Disease Care program.

Medicare

Tuesday, January 10, 2012

Health Net To Sell Medicare Rx Business to CVS for $160M

On Monday, Woodland Hills-based Health Net announced plans to sell its Medicare Part D prescription drug plan business to CVS Caremark for $160 million. Health Net said it expects to net $140 million cash from the sale of its PDP business, which has about 400,000 customers in 49 states and the District of Columbia, and generates about $490 million in annual revenue. The acquisition, which requires CMS approval, is expected to close in the second quarter of this year.



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