Pharmacy Benefit Management

From Radar on Drug Benefits - Industry experts question whether UnitedHealth Group’s strategy to upfront rebates directly to consumers would have a significant effect. UnitedHealth Group, which operates its own PBM, OptumRx, announced it would launch a program applying savings from manufacturers’ rebates upfront, at the time of sale, to lower out-of-pocket costs for eligible plan enrollees. Read more

From Radar on Drug Benefits - Cigna Corp. on March 8 said it will buy Express Scripts in a $67 billion deal, a transaction that furthers the trend of payers and PBMs joining together in a single diversified entity. Under the deal, Cigna would pay $48.75 in cash and 0.2434 shares of stock of the combined company for each Express Scripts share. Cigna President and CEO David Cordani will remain in his current role, while Express Scripts… Read more

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