Anthem's public spat with Express Scripts has escalated into a lawsuit against the pharmacy benefits management company charging it with failing to pass on prescription drug savings.
While Anthem's pharmacy benefit manager, Express Scripts, says it is "fully committed to good faith negotiations" with the insurer amid a contract dispute between the two companies, its CEO questioned Anthem's claim of significant owed savings.
I often think of the old expression "I only have two hands" when my plate seems too full or in any situation when people or organizations have expectations assigned to them that they...
In its fourth-quarter earnings report Wednesday, Anthem said its net income fell 64 percent, in part because of challenges tied to its individual business. Its government business, however, continues to perform well, as its operating revenue rose 17 percent in the quarter.
Though recent financial news for health insurers has been less than upbeat, the CEOs of Anthem and Aetna were optimistic about both their 2016 outlook and the individual market during presentations at the JP Morgan Healthcare Conference Tuesday in San Francisco.
Anthem and Cigna's shareholders voted Thursday to approve the companies' merger, which is still awaiting regulatory approval.
Anthem posted a profit of $654.8 million, or $2.43 a share, in the third quarter of 2015, an increase from the $630.9 million ($2.22 a share) it reported in the same quarter last year.
Anthem and Cigna took part in a lengthy courting process before they announced they had struck a deal, the companies' latest Securities and Exchange Commission filing reveals.
Though divestitures are common in large-scale acquisitions, Anthem does not expect to have to make any as it closes its merger with Cigna, according to a newly released piece from Policy and Regulatory Report.
During the third of three recent hearings on consolidation in the healthcare industry, representatives from the provider community made it clear that they are not going to let the pending health insurer mergers go down without a fight.