Anthem breaks with Express Scripts, strikes deal with CVS

ANTHEM INC. announced that it will start its own pharmacy benefit manager, Ingenio Rx. Anthem also announced a deal with CVS Health Corp. to support the new PBM after its current deal with Express Scripts Holding Co. expires. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
ANTHEM INC. announced that it will start its own Pharmacy Benefits Management unit, Ingenio Rx. Anthem also announced a deal with CVS Health Corp. to support the new PBM after its current deal with Express Scripts Holding Co. expires. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
NEW YORK - Anthem Inc. said it will set up its own pharmacy benefits management unit, signaling a final break with Express Scripts Holding Co. after the health insurer accused Express of overcharging it by billions of dollars. The move means that Express Scripts will not only lose its biggest client, it will have a…

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