Anthem's PBM On Track for 2020 Launch [Forbes]
Anthem, Inc. (ANTM)
Last anthem, inc. earnings: 4/29 06:00 am
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Source: Forbes
The Anthem Inc. website is displayed for a photograph on an Apple Inc. iPhone in Washington, D.C., U.S., on Saturday, April 21, 2018. (Photographer: Andrew Harrer/Bloomberg) Anthem said its own pharmacy benefit manager “remains on track” to launch Jan. 1, 2020. Insurers are closing ranks around a model that brings the PBM closer to the health plan in hopes of creating a savvier buyer of prescription medicines while seeking more transparency. UnitedHealth Group already owns OptumRx, a fast-growing PBM and CVS Health, which owns the Caremark PBM, is nearing completion of its acquisition of Aetna, the nation’s third largest health insurer. At Anthem, the nation’s second-largest health insurer has said operating its own PBM in IngenioRx will give the health plan full control over development and strategy when it comes to what drugs are in the insurer’s preferred list of prescriptions known as a formulary. Anthem operates Blue Cross and Blue Shield plans in 1
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