Arkansas Issues First PBM Licenses

PBM Pills

The Arkansas Insurance Department (AID) approved two licenses for pharmacy benefits managers (PBMs), under the guise of a new law passed in a 2018 special session.

AID Commissioner Allen Kerr approved a PBM license for Aetna Health Management, LLC based in Hartford, Connecticut. The company does business in Arkansas as Aetna Pharmacy Management and is registered as a Foreign Limited Liability Company with the Secretary of State.

A license was also granted to CaremarkPCS Health, L.L.C. of Scottsdale, Arizona, which does business in Arkansas as CVS Caremark and is registered as a Foreign Limited Liability Company.     MORE

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