The contract, though sizable, is likely immaterial to CVS’ earnings. But it moves the company in a positive direction as it ...

More than half of large U.S. employers plan to scale back healthcare benefits next year as rising costs from weight-loss and ...

California pension fund CalPERS, the second-largest public purchaser of health benefits in the U.S., announced on Tuesday ...

CalPERS’ chief investment officer said he hopes the pension fund will expand strategies that have been increasingly ...

The California Public Employees’ Retirement System, CalPERS, announced a preliminary investment return of 11.6% for FY2025.

California’s biggest pension fund and markets around the world learned to live with President Trump’s tariff threats. CalPERS ...

Record contributions from public employers made up for below-expectation investment returns, according to a report published ...

CVS Health’s Caremark business signed a new pharmacy benefits contract with the California Public Employees’ Retirement ...

Calpers is switching to CVS from OptumRx, which is part of UnitedHealth Group. The California pension fund said it chose CVS Caremark because it offered more affordable benefits than other vendors.

The five-year contract includes new financial terms with CVS and provides outpatient drug benefits for about 587,000 members, Calpers said Tuesday. That represents about 40% of Calpers's 1.5 million ...

NEW YORK >> More than half of large U.S. employers plan to scale back healthcare benefits next year as rising costs from ...