NB-PP_1170x120

Anthem

Anthem announces collaboration with Walmart

Anthem announces collaboration with Walmart

INDIANAPOLIS, Ind. – Anthem, Inc. announced an arrangement with Walmart to advance the companies’ mutual goals of reducing healthcare costs and providing consumers with increased access to over-the counter (O-T-C) medicines and services that can improve their health. The Anthem-Walmart program, launching in January 2019, will enable consumers who are enrolled in Anthem’s affiliated Medicare Advantage

Diplomat Pharmacy names Griffin CEO

Diplomat Pharmacy names Griffin CEO

FLINT, Mich.— Diplomat Pharmacy Inc. announced that its board of directors has appointed Brian Griffin, executive vice president and chief executive officer of IngenioRx, the pharmacy benefit manager (PBM) of Anthem, as chief executive officer and chairman of the board of directors, effective June 4. Ben Wolin, chairman of the board, said, “We are pleased to

CVS makes moves to strengthen PBM business

CVS makes moves to strengthen PBM business

WOONSOCKET, R.I. — CVS Health has announced two major agreements to boost pharmacy benefit management ­services. The company late last month introduced a 30,000-store performance-based pharmacy network anchored by CVS Pharmacy and Walgreens designed to deliver savings and improved clinical outcomes for CVS Caremark PBM members. That followed the company’s announcement of a five-year deal

Shakeup in the U.S. health insurance market

Shakeup in the U.S. health insurance market

NEW YORK — More turbulence has hit the health insurance sector with the apparent breakup of the Anthem-Cigna merger and Humana Inc.’s plan to pull out of the exchange market. Anthem Inc. on Wednesday said it has filed a lawsuit in the Delaware Court of Chancery against Cigna Corp., which yesterday afternoon announced its aim

Aetna, Humana terminate $37 billion merger

Aetna, Humana terminate $37 billion merger

HARTFORD, Conn., and LOUISVILLE, Ky. — After being blocked by a federal court, Aetna Inc. and Humana Inc. have decided to terminate their $37 billion merger deal. The health insurance giants said Tuesday that, with the move, Aetna will pay Humana a $1 billion breakup fee. Aetna said it also has ended its agreement to

Congress eyes health insurer consolidation

Congress eyes health insurer consolidation

Congressional scrutiny of the recent health insurer mega-mergers is a welcome sight, according to B. Douglas Hoey, CEO of the National Community Pharmacists Association. This summer, health insurer M&As reached a peak with Anthem’s $48 billion purchase of Cigna and Aetna’s $34 billion acquisition of Humana. On Thursday, the House Judiciary Committee’s Subcommittee on Regulatory

Consolidation hits health insurance industry

NEW YORK — Chain drug retailers have gotten used to dealing with fewer, and larger, drug makers, wholesalers and pharmacy benefit managers over the years. Retailers themselves have also consolidated, and now a merger wave has washed over the health insurance industry. While acquisitions in other sectors have been driven by the pursuit of economies

Merger wave hits health insurance sector

Merger wave hits health insurance sector

Drug chains have gotten used to dealing with fewer, and larger, drug makers, wholesalers and PBMs over the years. Retailers have also consolidated. Now a merger wave has washed over the health insurance industry. Though acquisitions in other sectors have been driven by the pursuit of economies of scale, the health insurance consolidation is seen