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The Delaware Supreme Court on Tuesday threw out a biopharmaceutical company's $82 million jury trial win in a suit alleging Express Scripts Inc. fraudulently skewed its revenues to close a multimillion-dollar acquisition, ruling the trial court gave jurors an "erroneous" instruction and a new trial is warranted.
Blue Cross to change pharmacy benefit manager from Express Scripts to OptumRx State's largest health insurer renewed contract with Express Scripts in 2018 Michigan Blues says new arrangement will increase access, lower costs Blue Cross Blue Shield of Michigan and Blue Care Network have decided to change pharmacy benefit managers to help reduce prescription prices and more effectively deliver services to members. The switch from St. Louis-based Express Scripts Inc. to Irvine, Calif.-based OptumRx will take effect Jan. 1, 2022, for commercial individual and group members, and Jan. 1, 2023, for ...
Michigan Blues to change pharmacy benefit manager from Express Scripts to OptumRx State's largest health insurer renewed contract with Express Scripts just in 2018 Michigan Blues says new arrangement will increase access, lower costs for prescription drugs Blue Cross Blue Shield of Michigan and Blue Care Network have decided to change pharmacy benefit managers to help reduce prescription prices and more effectively deliver services to members. The switch from St. Louis-based Express Scripts Inc. to Irvine, Calif-based OptumRx will take effect Jan. 1, 2022, for commercial individual and group ...
Health your username December 24, 2020 On Wednesday, Cigna Corporation and its subsidiary, Express Scripts Inc. filed suit against Arefin Kabir, who was Director of Pharma Strategy and Contracting at Express and is accused of theft of trade secrets and violation of the confidentiality agreements that he signed as an employee of Express. The complaint was filed in the Middle District of Florida. Express is the pharmacy benefit management subsidiary of Cigna and was formed to provide services such as claims processing, benefit design, drug-utilization review, formulary management, and cost an...
To embed, copy and paste the code into your website or blog: Anthem, Inc., (Anthem) and Express Scripts, Inc., (Express Scripts) had a big win this week, creating another setback for plaintiffs filing ERISA lawsuits against pharmacy benefits managers (PBMs). On December 7, 2020, the Second Circuit Court of Appeals upheld U.S. District Judge Edgardo Ramos’s decision that Anthem and Express Scripts did not violate fiduciary obligations under the Employer Retirement Income Security Act (ERISA) because neither party acted as an ERISA fiduciary with regard to decisions that allegedly led to high...