Pharmacy
Adding an orphan indication to an on-market drug didn't correlate with a higher-than-average price increase.
The integration of insurer and pharmacy benefit manager follows that of CVS Health and Aetna.
CVS Health said it is maintaining a firewall to prevent the exchange of competitively sensitive information with Aetna.
The deal awaits another state approval; It has already received the go-ahead from Department of Justice.
New model offers drug cost predictability; PBM takes accountability for impact of drug price inflation and shifts in drug mix.
The rule directs pharmaceutical manufacturers to disclose the maximum per unit ceiling price that can be charged to 340B hospitals.
Combined company is expected to generate revenue-enhancing initiatives, though Moody's has downgraded CVS's rating based on the debt level from $69 billion merger.
PillPack recently applied for new pharmacy licenses to allow it to ship drugs to customers in more states from its Phoenix facility, including Washington State.
New York State granted approval Monday contingent upon premium promises, privacy controls, cybersecurity compliance and $40 million towards health insurance education and enrollment.
The drug store giant and insurer could expand existing partnership that serves seniors from two Walgreens locations, report says.