Cigna announced it will spend about $ 52 billion to acquire the nation's
biggest pharmacy benefit manager, Express Scripts.
The insurer Cigna will spend about $ 52 billion to acquire the nation's
biggest pharmacy benefit manager, Express Scripts, the latest in a string of proposed tie - ups as health care's bill payers attempt to get a grip on rising costs.
Cigna will spend about $ 52 billion to acquire the nation's
biggest pharmacy benefit manager, Express Scripts, the latest in a string of proposed tie - ups as health care's bill payers attempt to get a grip on rising costs.
Not exact matches
Pharmacy benefit manager Express Scripts Holding said Anthem, its
biggest customer and one that has sued the company over claims of being overcharged, was unlikely to renew its contract after it ends in 2019.
The combination of CVS Health, the seventh -
biggest company in the U.S. by revenue, with Aetna (No. 43 on the Fortune 500) would, if it were to go through, create a corporate behemoth with $ 240 billion in annual revenue across a wide swath of the healthcare continuum, from retail
pharmacy and
benefit management to insurance.
A combined CVS - Aetna will reorder those options, leaving Express Scripts as the only standalone company
big enough to easily provide
pharmacy benefits to top employers.
Beyond combining medical and
pharmacy benefits, providing primary care in CVS» retail clinics is a
big part of part of the strategy behind the deal.
The
big insurer, which acquired a chain of outpatient surgery centers earlier this year, has a wide array of profitable health care businesses like its own
pharmacy benefit manager and various consulting arms through its Optum unit.
A
pharmacy benefit management company and a
big - box retailer led that trend in late February.
Pharmacy benefits are currently unregulated and big insurance and pharmacy drug companies are able to hide revenue in complicated contract l
Pharmacy benefits are currently unregulated and
big insurance and
pharmacy drug companies are able to hide revenue in complicated contract l
pharmacy drug companies are able to hide revenue in complicated contract language.