The March 2 start of the migration of Anthem clients away from Cigna’s Express Scripts PBM will come just days after Anthem and Cigna square off in a trial over a contested breakup fee from an aborted 2017 merger.
Anthem will move up the launch of its pharmacy benefit management (PBM) company IngenioRx, saying it will begin transitioning members away from Express Scripts in less than two months.
Ending a dispute over prices, CVS Health said Walmart will continue to use its Caremark pharmacy benefit management (PBM) commercial and managed Medicaid retail pharmacy networks as part of a new multiyear agreement.
The NYSE’s notice to Rite Aid that the drugstore chain is no longer in compliance with “listing standards” may trigger a “reverse stock split,” the company said.
Health insurer Molina Healthcare said it has extended its agreement with CVS Health’s pharmacy benefit manager (PBM) through 2021 in the first major CVS win since its Aetna merger closed.