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Blue Shield of California's $500 Million Drug Savings Initiative Partnership with Amazon Pharmacy and Abarca Set to Launch in January

Dec 06, 2024•over 1 year ago

Contract Type

partnership

OaklandHealth CareInsurance

Description

Blue Shield of California has formed a partnership with Amazon Pharmacy and Abarca to launch a drug benefit initiative in January. The initiative aims to provide affordable medications, handle drug claims processing, and save up to $500 million annually on drug expenses.

Company Information

Company

Blue Shield of California

Location

Oakland, California, United States

About

Blue Shield of California strives to create a healthcare system worthy of its family and friends that is sustainably affordable. The health plan is a taxpaying, nonprofit, independent member of the Blue Shield Association with 6 million members, over 6,500 employees and more than $27 billion in annual revenue. Founded in 1939 in San Francisco and now headquartered in Oakland, Blue Shield of California and its affiliates provide health, dental, vision, Medicaid and Medicare healthcare service plans in California. The company has contributed more than $60 million to the Blue Shield of California Foundation in the last three years to have an impact on California communities.

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