Forbes May 22, 2018
The control of administering drug benefits for the elderly who buy Medicare Part D plans is rapidly dwindling to just a few health firms as consolidation sweeps the health insurance and drug benefit management industry.
If the health insurer Cigna successfully completes its acquisition of the PBM Express Scripts and CVS Health pulls off its purchase of Aetna, nearly three in four seniors will have drug benefits controlled by just four companies , a new report from the Kaiser Family Foundation shows.
“If these mergers go through, four firms—the two merged firms plus UnitedHealth and Humana—would cover 71 percent of all Part D enrollees and 86 percent of stand-alone drug plan enrollees, based on 2018 enrollment,” Kaiser said in its...
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