Page 25 - Express Scripts News Today

On Nov. 9, the Louisiana Department of Insurance fined Express Scripts and MedImpact for delays in paying adjudicated claims on behalf of the Office of Group Benefits, which provides benefits to state employees, retirees, and their eligible dependents. The LDI began its investigation after receiving complaints from 19 independent pharmacies, which were further substantiated by the Louisiana Independent Pharmacies Association.

Cigna Group (NYSE: CI) and Humana Inc (NYSE: HUM) are reportedly discussing a merger deal to create a new powerhouse in the health insurance industry. 

Healthcare

Arizona is suing multiple pharmacy benefit managers and manufacturers, accusing them of raising insulin prices as a result of rebate schemes.

Many of 630,000-plus diabetic Arizonans are paying far more than they should, says suit by Attorney General Kris Mayes.

PHOENIX -- Attorney General Kris Mayes filed suit Monday against manufacturers and distributors of insulin accusing them of conspiring to raise prices and keep them high.

Henrico County has filed a federal lawsuit against three manufacturers of insulin, three pharmacy benefit managers, and 12 subsidiaries of the companies.

Updated Price for S&P 500 VIX (CFE: VIV20). Charting, Price Performance, News & Related Contracts.

GRANITE STATERS are struggling to pay for prescriptions while middlemen make huge profits and increase the cost of prescription drugs.

Proposals targeting misaligned financial incentives, price transparency, and pharmacy access are important and necessary reforms. But the consequences of failing to address pharmacy benefit managers’ use of market power to block competition and extract monopoly profits from payers and consumers will not be limited to drug costs – it will change all of healthcare for generations.