Four things to know:
1. Anthem said it will begin to transition its members from Express Scripts on March 2, “due to the recent acquisition of Express Scripts by Cigna Corp.,” the health insurer said. The transition period will last 12 months.
2. As a result, Anthem will accelerate the launch of its own PBM, called IngenioRx. Anthem still expects IngenioRx to generate gross annual savings of more than $4 billion.
3. In addition to its PBM announcement, Anthem said for the four months ended Dec. 31, its medical enrollment fell by 361,000 members from 40.3 million on Dec. 31, 2017. The decrease reflected declines in Anthem’s footprint in the individual ACA exchanges in 2018 compared to 2017.
4. Anthem ended the fourth quarter of 2018 with $23.3 billion in operating income, up 3.8 percent from $22.4 billion in the same quarter in 2017.
More articles on payers:
Arizona Medicaid work requirements approved
Hackensack Meridian drops ER copays, deductibles for government workers
76% of physicians oppose New York City mayor’s healthcare for all plan, poll finds
