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Mass. AG reaches $6.1M settlement with CVS on workers’ compensation drug...

BOSTON (AP) – Massachusetts Attorney General Andrea Campbell said Monday that she's reached a $6.1 million settlement with CVS Health Corp. to resolve allegations the...
THREE PHARMACY-BENEFIT MANAGERS - CVS Health, Express Scripts and UnitedHealthcare - control more than 70 percent of the market, including more than half of the $138 billion specialty drug prescription market.

Partners turned into prey as insurers, drug plans get squeezed

NEW YORK – Over 20 years, Brian Komoto built a thriving pharmacy in California’s Central Valley. Each day, his nurses would travel the vast...
WALMART IS EXPERIMENTING with a number of ways to bring down its health care costs, including setting up accountable care organizations at many of its employment centers, where the retailer buys care directly from providers. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

Amazon isn’t only retail giant trying to remake health care

NEW YORK – Amazon.com Inc. says it wants to remake health care for its workers. But its biggest rival is beating it to the...
CIGNA HAS MADE an offer to buy pharmacy-benefits manager Express Scripts, the last remaining large and independent PBM in the nation, in a deal whose total value is $69.6 billion. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

Cigna to buy Express Scripts as health shakeout speeds up

NEW YORK – Cigna Corp. agreed to buy Express Scripts Holding Co. in an about $54 billion deal that builds on the rapid transformation...
CVS HEALTH'S pharmacy benefit management business came under fire, along with other PBMs, from the head of the Food and Drug Administration for holding drug prices artificially high. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

`Rigged’ system blocks use of lower-cost drugs, FDA chief says

WASHINGTON – A “rigged payment scheme” between drug plans, insurers and pharmaceutical companies has blocked access to less-expensive versions of some of the most costly drugs...

Health stocks, including CVS, slump as Amazon-led group unveils efficiency plans

WILMINGTON, Del. – Health care stocks plunged after three companies led by Internet giant Amazon.com Inc. said they plan to collaborate on developing ways...
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