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Drug Law Weekly

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Business Update



Universal American Financial Corp. wins bid to offer 2007 Part D drug coverage in 32 regions



November 7th, 2006

Universal American Financial Corp. (UHCO) announced the results of its 2007 bids to offer Medicare Part D prescription drug plans (PDPs) through its Prescription Pathway products, in partnership with PharmaCare Management Services, Inc. (PharmaCare), CVS Corporation's (CVS) pharmacy benefit management company.

The Centers for Medicare and Medicaid Services (CMS) approved Universal American's bids to offer, through its insurance subsidiaries, prescription drug coverage in 32 of the 34 regions designated by CMS, excluding only regions 33 (Hawaii) and 34 (Alaska). This will permit Universal American to continue to market Prescription Pathway in 2007 to Medicare eligibles...


Source: Drug Law Weekly (2006-11-07)

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