Centene to shift big PBM contract to Express Scripts from CVS Caremark

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.