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Payer

From two insurers dropping legal challenges over Medi-Cal contract awards to Cigna suing over an executive's departure to a competitor, here are five lawsuits and settlements involving payers Becker's has reported since Jan. 4. 

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Winchester, Va.-based Valley Health has joined as an owner of Peak Health, a health plan launched by Morgantown-based West Virginia University Medicine. 

Payers are implementing new programs to curb spending on prescription drugs, particularly specialty drugs. These medicines, prescribed to a small number of patients, accounted for half of prescription drugs costs in 2021, per HHS.

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