WOONSOCKET, R.I. — CVS Caremark here Wednesday severed Walgreens’ participation in its pharmacy benefit management networks, including Medicare Part D. CVS said the termination would be effective within 30 days from June 9, and as of Jan. 1, 2011. for Medicare Part D. This follows Walgreens’ announcement Monday that it would no longer participate in CVS Caremark PBM for new and renewed prescription drug plans, but it would continue to service patients currently under contract. Sources ...

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