Posts tagged "OptumRx"

Health Insurance Carrier Cigna to buy Express Scripts

March 8, 2018 Posted by health insurance, news 0 thoughts on “Health Insurance Carrier Cigna to buy Express Scripts”

Health Insurance Carrier Cigna said on Thursday it would buy pharmacy benefits manager Express Scripts for about $54 billion, the latest deal in the sector aimed at tackling soaring healthcare costs. The move follows the $69 billion merger of insurer Aetna and drugstore chain CVS Health announced last December, and highlights a sector-wide trend toward deals between companies that do not have directly overlapping operations. The deals seek to lower healthcare costs by bringing under one roof pharmacy and medical claims, and give the combined entities greater leverage in price negotiations with drugmakers. (more…)

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