Anthem In-House PBM Will Rely On CVS But Retain Formulary Control
Hybrid approach to pharmacy benefit management expected to save insurer $4bn annually after Anthem ends its relationship with Express Scripts in 2020. Plans include "going out to the market and competing with the freestanding PBMs."
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Anthem wants out of contract – perhaps just to bring operations in-house.
Express Scripts Purchase Deal For NextRx Includes 10-Year PBM Contract With WellPoint
With the acquisition of the largest plan-owned pharmacy benefit manager, Express Scripts will move to second place among the big stand-alone PBMs, ahead of CVS Caremark.