Anthem Not Entitled to $3 Billion, Express Scripts Says
- Company reported earnings Tuesday that matched estimates
- Fourth-quarter volume, profitability of drug claims increases
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Express Scripts Holding Co. said it’s still working to resolve its contract dispute with health insurer Anthem Inc., which has claimed it should be getting $3 billion a year more in prescription drug savings from the pharmacy benefit manager.
“We remain fully committed to good faith negotiations,” Express Scripts Chief Executive Officer George Paz said on a conference call with investors on Wednesday, adding that Anthem wasn’t entitled to $3 billion. “I have no clue where the $3 billion came from. I have no concept, the number doesn’t make any sense.”