Express Scripts is tangled in a public feud over billions of dollars with Anthem Inc., its biggest client and the nation’s second largest health insurer.
Anthem believes it is being overcharged for Express Scripts’ services and filed suit against the company last year in an attempt to recoup nearly $15 billion.
Industry experts say the battle between the two companies raises questions about whether consumers are paying more for prescription drugs than they should be.
As the nation’s largest pharmacy benefits manager, Express Scripts provides more than 80 million Americans with prescription drugs. Employers and health insurance companies hire Express Scripts to purchase drugs on their behalf and manage pharmacy claims.
Express Scripts uses its leverage to put pressure on drug manufacturers to reduce the cost of prescriptions. But some wonder how much of the savings Express Scripts squeezes from manufacturers is ultimately passed on to consumers.
Read more: St. Louis Post-Dispatch