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(Reuters) -Tyson Foods has dropped CVS Health as its pharmacy benefit manager and replaced it with Rightway, the startup said on Wednesday, to manage drug benefits for the meatpacker's 175,000 employees. Tyson has become one of the largest U.S. employers to move away from using a traditional PBM, at a time when these companies are under fire from lawmakers over their role in driving up healthcare costs.
The Ascension Charity Classic presented by Emerson has surpassed $2.6 million in support of charitable organizations in North St. Louis County and the region since the tournament’s inception in 2020.
Two years in, Cuban discussed the evolution of Mark Cuban Cost Plus Drug Company and why he picked the pharmaceutical industry to disrupt on a Business Group on Health podcast.
A weekly roundup of healthcare's encounters with the courts
NCPA recently cheered a class action lawsuit filed on Jan. 10 against Express Scripts, alleging that the massive PBM colluded with several smaller PBMs to rig reimbursement rates and shake down pharmacies for higher fees. The lawsuit, filed by Berger Montague and several other law firms, claims that Express Scripts used its dominant market position to push rival PBMs to impose excessive back-end fees on pharmacies and then share the revenue with Express Scripts.