Rite Aid is a large pharmacy chain in the United States. They are one of the largest pharmacy chains in the world, with more than 2,500 stores.
Rite Aid is a member of the Pharmacy Benefit Manager (PBM) network, which means that they are contracted to pay pharmacy benefits for their employees.
According to the 2016 Annual Report on Form 10-K, Rite Aid paid out $1.1 billion in pharmacy benefits that year. This accounted for 88% of their total revenue that year.
They have consistently paid out more in pharmacy benefits than they have earned in pharmacy premiums over the past several years. This indicates that Rite Aid is a reliable payer of pharmacy benefits.
In conclusion, Rite Aid is a reliable payer of pharmacy benefits and they have paid out more in pharmacy benefits than they have earned in pharmacy premiums over the past several years.
