NAICS category

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds

NAICS 524292

FY2026 ended Sep 30 · data still posting · data as of 2026-11-01†

† DoD contract data posts to USAspending about 90 days after award.

Part of Finance and Insurance →

$1.2B
Federal awards
FY2026 · data still posting
8
Recipients
NAICS 524292
Code

NAICS code 524292 (Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds) accounted for $1.2B in federal contracts in FY2026, led by the Department of Veterans Affairs, across 8 recipients. Its largest recipient on record was UnitedHealth Group, with 43%. FY2026 ended Sep 30 and its data is still posting. Computed

Obligations by year

Computed
$365.2M
FY20
$544.4M
FY21
$618.8M
FY22
$573.5M
FY23
$799.5M
FY24
$729.2M
FY25
$1.2B
FY26 partial
▲ 100%
FY20 to FY25

Key takeaways

Computed
FY2026 ended Sep 30 · data still posting · data as of 2026-11-01
  • Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (NAICS 524292) accounted for $1.2B in federal obligations in FY2026, compared with $729.2M in FY2025.
  • It ranked #70 among industries by federal contract dollars in FY2026 (data still posting).
  • The Department of Veterans Affairs provided 85% of it.
  • Its largest recipient was UnitedHealth Group, with 43%.

Top recipients

Computed

The five largest recipients on record received 89% of this category's FY2026 obligations.

UnitedHealth Group$508.7M
Triwest Healthcare Alliance Corp$352.8M
Signature Choice II, LLC$126.4M
Wisconsin Physicians Service Insurance Corp.$38.4M
General Dynamics Corporation$27.9M
Novitas Solutions, Inc.$1.7M

Recipient breakdown available for 89% of obligations shown

Awards

Source

Largest FY2026 awards in this category

Awards coded NAICS 524292 that started in FY2026, by the amount obligated on each so far.

AwardIDRecipientObligatedStartEndPlace
Express Report: PBM APR, May, Jun, July FY2636C79126K0132Optumrx Administrative Services, LLC$159.2M2026-04-012026-07-31Colorado
Express Report: PBM Jan, Feb, Mar FY2536C79126K0131Optumrx Administrative Services, LLC$106.3M2026-01-012026-03-31Colorado
Express Report: PBM Oct, Nov, Dec, FY2536C79126K0130Optumrx Administrative Services, LLC$106.3M2025-10-012025-12-31Colorado
Ice Health Service Corps with a Pharmacy Benefit Manager to Manage Formulary, Claims…70CDCR26C00000003—$91M2025-10-252027-10-24Colorado
Wtchp Third Party Administrator75D30126C20710General Dynamics Information Technology, Inc.$66.2M2025-10-302027-10-29Virginia

Largest awards in this category

Tricare Medicare Eligible Program (TMEP) Services
awarded 2021$223.2M
VA Claims Processing and Customer Services
awarded 2024$176.4M
Claims Reimbursement to Health Care Providers and Facilities for Testing…
awarded 2021$169.1M
Express Report: PBM APR, May, Jun, July FY26
awarded 2026$159.2M
Non-VA Community Healthcare Claims Processing & Provider Customer Service…
awarded 2023$147.9M
VA Claims Processing and Customer Service
awarded 2025$147.6M
Field Office Support Services
awarded 2019$141M
Express Report: PBM Jun, Jul, Aug, Sept FY25
awarded 2025$137M

Total value over each award’s life, largest first.

Related

Why the labels? The graph is only worth anything if the links are trusted. Facts taken straight from a federal filing are Source; figures we calculate are Computed; links we infer (corporate parents, districts, similar contractors, connections between records) are Inferred, worded carefully, never asserted as fact and never a claim that one thing caused another. Spot an error? Tell us.