George Paz, Express Scripts chairman and CEO, and David Snow, Medco Health Solutions chairman and CEO, were in a pair of hot seats Tuesday afternoon before the Senate Committee on the Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights.
As of January 2012, Chinese Community Health Plan will transition to a new pharmacy benefits management company, Navitus Health Solutions, from Express Scripts to provide its members with continued access to Walgreens pharmacies, the health plan subsidiary of Chinese Hospital in San Francisco announced Friday.
The merger between pharmacy benefit managers Express Scripts and Medco Health Solutions "could bring an end to community-based pharmacies and the convenient services provided there," according to the Pennsylvania Pharmacy Council.
When its blockbuster cholesterol drug Lipitor loses patent protection this month, Pfizer is hoping that pharmacy benefit managers will not dispense a generic version of the drug to its customers, according to published reports.
Walgreens took to the road the week before Thanksgiving to talk turkey with analysts on why Walgreens is a good bet going into 2012, even if the pharmacy won't be participating in the Express Scripts pharmacy network this coming year.
Walgreens is running the ball straight down the middle of the field in its bid to mitigate any lost Express Scripts prescriptions once the retailer is removed from that benefit manager's pharmacy network at the end of the year — and that seems increasingly likely with each passing day.
Walgreens on Friday joined with three pharmacy benefit managers — Altius Health Plans, Coventry Health Care and HealthAmerica — for an awareness campaign to educate employers on the benefits of a pharmacy network that includes Walgreens.
At a press conference organized by the Preserve Community Pharmacy Access NOW! coalition at the Capitol on Thursday morning, the National Community Pharmacists Association's CEO Douglas Hoey issued a statement regarding the proposed merger of pharmacy benefit managers Express Scripts and Medco Health Solutions, saying the deal could mean "more wasteful mail-order spending and higher price spikes for specialty drugs."
The Preserve Community Pharmacy Access NOW! coalition will be traveling to the nation's capital on Thursday to urge Congress and the Federal Trade Commission to support patient care and oppose the planned merger between Express Scripts and Medco Health Solutions, the coalition announced Monday.
The Preserve Community Pharmacy Access NOW! coalition, which is a coalition of consumers, businesses and community-based pharmacists from across the country that have come together to oppose the planned mega-merger of Express Scripts and Medco Health Solutions, has issued a call to action to protect Americans from rising costs and decreased access to health care by stopping the planned merger of the PBMs.
A number of members of Congress have raised questions about the proposed merger between pharmacy benefit managers Express Scripts and Medco Health Solutions, prompting a lobbying group that represents independent pharmacies and opposes the merger to highlight the matter.
It's been another busy week on the Walgreens/Express Scripts front as an arbiter ruled against preliminary injunctive relief in time for the 2012 Medicare open enrollment period, which actually started last week. What's more, other parties are beginning to weigh in on the dispute, notably in favor of Walgreens.
According to a statement issued by Walgreens Wednesday morning, the arbitrator in the Express Scripts/Walgreens suit issued a ruling Sunday denying the parties’ requests for preliminary injunctive relief.
To date, Walgreens and Express Scripts in the past month have navigated three one-off deals that will keep Walgreens' more than 7,800 pharmacies in the ESI pharmacy network, but the U.S. Department of Defense's Tricare does not look likely to become one-off deal No. 4, according to published reports.
Standard & Poor's cut its outlook on Walgreens to negative from stable, citing the lack of progress in the drug store chain's negotiations with Express Scripts, according to a MarketWatch report published Thursday.
At press time, the industry was weighing the potential merger of pharmacy benefit manager rivals Express Scripts and Medco Health Solutions, but executives at CVS Caremark remain more confident than ever that its PBM business is ideally positioned to “effectively compete."
The feathers continued to fly last week. First, NACDS debuted a new print ad in the Washington Post, then news broke that half the states in the country are against the $29 billion ESI-Medco mega-merger.