CVS Caremark loses some Chrysler business to Medco

Newswire

* Chrysler union retirees move to Medco under VEBA plan * CVS keeps other Chrysler retirees, employees CHICAGO, July 30 (Reuters) - CVS Caremark Corp will no longer manage pharmacy benefits for Chrysler's union retirees starting next year, now that rival Medco Health Solutions Inc won that business. Medco said on Wednesday that it gets the Chrysler's union retirees' business since they fall under the newly created United Auto Workers retiree medical benefits trust, known as the VEBA ...

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