Two pharmacy benefit managers received licenses under the Arkansas Pharmacy Benefits Manager Licensure Act, which was signed into law on March 20, 2018.

(Little Rock, AR – Insurance News 360) – Arkansas Insurance Commissioner Allen Kerr made a statement on Jan. 7.

“Thanks to the hard work of Arkansas Insurance Department staff, we are able to issue these first licenses for pharmacy benefit managers following the passage of the new law in March.  This law protects Arkansas consumers and has sparked a nationwide conversation on how other states can help their citizens have continued access to needed prescriptions and information on cheaper pharmaceuticals.”

A Pharmacy Benefits Manager License for Aetna Health Management, LLC based in Hartford, Connecticut was one such approval. A second was granted to CaremarkPCS Health, L.L.C. of Scottsdale, Arizona.  Aetna Health Management does business in Arkansas as Aetna Pharmacy Management and is registered as a Foreign Limited Liability Company with the Secretary of State. CaremarkPCS Health does business in Arkansas as CVS Caremark and is registered as a Foreign Limited Liability Company.

Kerr also granted OmptumRX a 60-day conditional license, active Jan 1, upon the Department’s completion of the company’s application.

Source: Arkansas Insurance Department.

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