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Pharmacists say PBMs are holding up Tamiflu supply
The National Community Pharmacists Association (NCPA) is taking pharmacy benefit managers to the woodshed, upset with policies that seem to hold up claims for materials needed to create the liquid... Read more...
Reform should hit pharmacy benefit managers hard
If reform passes, or even if the sentiments around reform remain in the air, pharmacy-benefit managers may take something of a financial beating in coming months, according to an analysis in The Wall... Read more...
Express Scripts buys WellPoint PBM in $4.7B transaction
Express Scripts has signed $4.7 billion agreement to acquire WellPoint's NextRx pharmacy benefit manager, which manages more than 265 million prescriptions and provides services to 25 million people.... Read more...
Drug mailing service tries to improve patient compliance to medications
Pharmacy benefit manager (PBM) Express Scripts now offers a new service designed to help employees enrolled in company health plans to stick to medication regimes that treat chronic conditions. The... Read more...
Retail pharmacies' generic price war draws customers
Generics are generally a high-profit area, but lately retail pharmacies have been pretty aggressive in lowering their generic prices. Each pharmacy is trying to undercut their competitors and draw... Read more...
Express Scripts clients being extorted, too
Last week, Express Scripts broke the news that someone was threatening to extort them for an undisclosed amount. The extortionist said that if Express Scripts didn't pay up, they would release... Read more...
Express Scripts, Cigna agree to $27M "drug switching" settlement
Pharmacy benefits manager Express Scripts and health plan Cigna have settled a New York state lawsuit over alleged "drug switching" for a total of $27 million. The suit, which was filed in 2004,... Read more...
SPOTLIGHT: Settlements between PBMs, states not tough enough
Recently, the industry has seen a string of cases in which pharmacy benefit managers have agreed to fork over settlements over allegations of bad behavior. Most recently, this includes the instance... Read more...
Express Scripts pays $9.5M settlement over drug switching
Pharmacy benefit manager Express Scripts has agreed to pay a total of $9.5 million to 28 states and the District of Columbia to settle allegations that it engaged in deceptive prescription-switching... Read more...
West Virginia limits prescription data reporting
Rather than completely banning the collection of prescribing information--a stance which has been challenged in other states--West Virginia is using its power of the purse to slow the practice there.... Read more...
