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Beginning on Jan. 1, 2024, Cigna Corp.’s Express Scripts subsidiary will manage Centene Corp.’s pharmacy benefit services and will handle the more than $35 billion in annual prescription drug spend for about 20 million Centene members, Healthcare Dive reports. The move, which analysts described as “one of the biggest contracts that’s changed hands in a while,” means the insurer will break away from CVS Caremark, which was managing “$40 billion plus or minus” of gross pharmacy spend, the report says.
1. Hackers leak stolen data from Change Healthcare on dark web
2. UnitedHealth estimates $1.6 billion loss from Change cyberattack
3. UnitedHealth reports significant data breach; personal health info compromised
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Illinois House passes governor’s 'Healthcare Protection Act’
6. Analyst says Cigna, Humana share prices could put merger back on the table