Express Scripts Combination With Cigna's PBM Could Reverse Deficit From Losing Anthem

09 Mar 2018

Merger could restore number of covered lives PBM will lose once its contract with Anthem expires, but there is also risk of alienating current health plan clients who don't want to contract with a competitor.

If the planned merger of Cigna Corp. and Express Scripts Holding Co. goes through, the combination could help the pharmacy benefit manager make up the business it will lose when its contract with national insurer Anthem Inc. expires at the end of 2019.

Anthem is Express Scripts' largest client and the loss of that business contributed to the PBM's decision to seek a...