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October 09, 2006 at 01:59 PM
Universal American Financial Corp. says it will be selling stand-alone prescription drug plans with a unit of CVS Corp. throughout most of the United States in 2007.
Universal American, Rye Brook, N.Y., has received permission from the Centers for Medicare and Medicaid Services to work with PharmaCare Management Services Inc., a subsidiary of CVS, Woonsocket, R.I., in 32 of the 34 CMS regions.
The only regions where CVS and PharmaCare will not offer their “Prescription Pathway” products are in Alaska and Hawaii, Universal American says.
Universal American also will be eligible to receive auto assignment of beneficiaries who are eligible for both Medicare and Medicaid in 28 of the 32 CMS regions, up from 26 this year. Universal American is adding auto-assignment participation in Ohio and in a region that includes Alabama and Tennessee.
