Will PBM Consolidation Result in Decreased Costs of Prescription Drugs?

With Cigna Corporation announcing to buy Express Scripts and CVS announcing to merge with Aetna, the two largest Pharmacy Benefit Managers (PBMs) in the United States are slated to undergo a structural change. Will this change result in prescription drug cost savings for consumers and providers? How can employers and insurers ensure that the consumers and providers realize this cost relief? Increasing PBM Consolidations and Pharmacy Cost While health care continues to be the talk-of-the-day, the increasing cost of prescription drug benefits dominates the health care headlines. To understand the significance of these stories, we need a quick tutorial on “What is a PBM?” PBMs or Prescription B

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