Posted by Michael Wonder on 19 Oct 2017
Health insurer Anthem takes pharmacy business in house, taps CVS to help
18 October 2017 - Anthem says it will start managing its billions of dollars of patient prescriptions itself in 2020, ending a deal with Express Scripts Holding that had deteriorated into lawsuits over terms.
Health insurer Anthem will start managing its billions of dollars of patient prescriptions itself in 2020, it said on Wednesday, ending a deal with Express Scripts Holding that had deteriorated into lawsuits over terms.
Anthem, which has said Express Scripts overcharged it by $3 billion annually through unfavourable prices, said it would use drug retailer CVS Health to handle prescription fulfilment and claims processing for five years for the new company, called IngenioRX.
