The healthcare provider is set to launch its own pharmacy benefits unit
by MedPage Today Staff October 18, 2017
After years of speculation, Anthem, Inc. has finally pulled the plug on its partnership with pharmacy benefits management system Express Scripts Holding Co., Bloomberg reports.
The news is no surprise to analysts and industry insiders who’ve questioned how PBMs make money. Express Scripts wasn’t shocked to learn that Anthem is parting ways with them either — the healthcare provider has accused Express of overcharging them to the tune of $3 billion. Anthem will set up its own pharmacy benefits management unit called IngenioRx and has partnered with CVS Health Corp.
Even with the loss of their biggest client and the specter of more competition, Express Scripts’ stock has remained steady.