Optum Wins $550 Million Federal Comp PBM Contract After Coventry Protest Denied

After almost three years of bids, a protest, new bids and a second protest, Optum has finally won a $550 million contract to provide pharmacy benefits management services to the federal workers' compensation program. “It's been a long journey,” said David Young, president of Optum's workers' compensation and automobile no-fault division. The Government Accountability Office announced this week that it had denied a protest by one of Optum's chief competitors, Coventry Workers' Compensation, over the bid review process. Coventry argued that the Department of...