Caremark, the pharmacy benefits management business of CVS Caremark Corp., has struggled and reported lower profits in recent years.

Caremark lost several large contracts in 2010, and this year, the company is expected to report a smaller profit because of expenses related to a huge new contract with Aetna Inc. and lower drug prices from a contract with a federal employees’ union. The Woonsocket, R.I., company has also faced questions about its business model and scrutiny from regulators. New President and CEO Larry Merlo has said he is committed to the CVS-Caremark combination, and he reiterated that view Thursday in his first earnings call as CEO.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.