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(Reuters) May 27, 2011 9:30 AM CENTRAL Franklin Lakes, N.J. — Medco Health Solutions Inc. will lose a major pharmacy benefit contract to CVS Caremark Corp. starting next year, sending Medco shares down almost 11% and CVS up nearly 4% Friday.
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Employers are under pressure to keep benefits competitive while controlling costs, driving new scrutiny of PBMs, hospital prices and GLP-1 coverage for 2027.
The plan to eventually phase out rebates portends a seismic shift in the flow of billions of dollars among drugmakers, insurers and employers.
This is the latest move by pharmacy benefit managers to deal with the surging demand for weight-loss medicine.
With projections indicating that the costs of employer-sponsored healthcare will hit unprecedented levels in 2025
Complications from multiple ventures, increased healthcare costs and other issues plaguing the company make its future uncertain.
