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express scripts news from FierceHealthcare
News
Express Scripts clients being extorted, too
Express Scripts, Cigna agree to $27M "drug switching" settlement
SPOTLIGHT: Settlements between PBMs, states not tough enough
Express Scripts pays $9.5M settlement over drug switching
West Virginia limits prescription data reporting
Prescription drug price increases slowing down
Something may be giving in the eternal fight between managed care and the pharma business over brand-name drug costs. Prescription drug prices rose at the slowest pace in a decade during 2006, climbing 8.2 percent, compared with 9 percent in 2005, according to prescription management firm Express Scripts. Experts don't expect the smaller increases to continue, however, as they anticipate that fewer costly high-volume brand name drugs will go generic in coming years.
Meanwhile, drug …
... Read more...Study: CDHPs lead patients to drop medications
New research funded by pharmacy benefit manager Express Scripts has concluded that consumers give up medications rather than switch from brand-name drugs to generics. The study, which looked at healthcare claims for two national employers, compared prescription claims for the first nine months of 2005 versus the first nine months of 2006. The employers had kicked off CDHPs for their employees in January 2006, with one of the two employers seeing more than 20 percent of employees enroll. …
... Read more...ALSO NOTED: CVS approves Caremark merger; Ethnicity affects end-of-life care; and much more...
> After several months of wrangling over a counter-offer from Express Scripts, CVS shareholders have agreed to merge with Caremark Rx. Article
> A new report by the California HealthCare Foundation suggests that racial, cultural and ethnic factors often dictate what kind of end-of-life care California patients receive. …
... Read more...CVS execs indicted on bribery charges
Two suspended executives of CVS were indicted Thursday on federal charges of fraud and bribery of a former Rhode Island state legislator, raising questions about whether the pharmacy chain will be able to complete its planned--and contested--acquisition of pharmacy-benefits manager Caremark Rx. CVS Senior Vice President John R. Kramer and Carlos Ortiz, the company's government affairs chief, face a 23-count federal indictment for allegedly paying bribes disguised as consulting fees to …
... Read more...Express Scripts, CVS turn up Caremark rhetoric
In the newest attack in the increasingly ugly battle for control of Caremark Rx, rival PBM Express Scripts--currently the spurned suitor--called a dividend offer from drugstore chain CVS a "desperate attempt to save a flawed transaction.". Following yesterday's offer by Express Scripts to take over Caremark, valued at $24.8 billion to $25 billion, depending on whose numbers you believe, CVS sweetened its bid by offering a special cash dividend of $2 per share to Caremark shareholders, …
... Read more...Get more express scripts coverage at:
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