Pharmacy association lodges Competition Bureau complaint over Express Scripts fees [Globe and Mail, The (Toronto, Canada)]
The Cigna Group (CI)
Last the cigna group earnings: 4/30 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
cigna.com/about-us/investors
Company Research
Source: Globe and Mail, The
insurance claims at drugstore checkouts is abusing its dominance of the market, “squeezing” pharmacy profits with a new fee and potentially hampering people's choice over where they receive their medications. On Tuesday, the Canadian Pharmacists Association (CPhA) filed the complaint with the Competition Bureau, alleging anti-competitive behaviour by Mississauga-based Express Scripts Canada. The company is the largest in the country of what are known as “pharmacy benefit managers,” which act as intermediaries between pharmacies and insurance companies. Insurers subcontract their claims processing to these companies, which in turn adjudicate people's coverage so that they don't have to pay out of pocket for the full costs of their drugs at a pharmacy. On Jan. 1, Express Scripts Canada implemented a mandatory new fee for pharmacies to use that service. The move raised concerns across the industry that pharmacies that could not afford to pay would lose a significant number of custome
Show less
Read more
Impact Snapshot
Event Time:
CI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CI alerts
High impacting The Cigna Group news events
Weekly update
A roundup of the hottest topics
CI
News
- New Report: Employers Play Critical Role in Curbing Today's Youth Mental Health CrisisPR Newswire
- Evernorth announces Humira biosimilar available at $0 out of pocket for Accredo patients in JunePR Newswire
- AM Best Affirms Credit Ratings of The Cigna Group and Its Subsidiaries [Yahoo! Finance]Yahoo! Finance
- AM Best Affirms Credit Ratings of The Cigna Group and Its SubsidiariesBusiness Wire
- The Cigna Group Declares Quarterly DividendPR Newswire
CI
Earnings
- 2/2/24 - Miss
CI
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- CI's page on the SEC website