Thursday, June 23, 2011

Express Scripts and Walgreen's Contract

Recently, articles have begun to circulate regarding the negotiations of Walgreens and Express Scripts, the pharmacy provider network used by Anthem. Articles have included headlines such as Walgreens to Sever Ties With Express Scripts.

After contacting representatives from Express Scripts, McGohan Brabender has been told that:
This type of negotiation is common between pharmacy benefit managers and pharmacies. It's early in the process. There has been no change in our members' abilities to use their pharmacy benefits at Walgreens and Duane Reade pharmacies. The contract does not expire until January 1, 2012, giving the two parties several months to work out a solution. We are hopeful that Walgreen Co. and Express Scripts can soon reach a reasonable solution that meets our members' and customers' needs.

At this time, these negotiations should not effect the prescription benefits of an Express Scripts member going to a Walgreens pharmacy, but we will continue to communicate with our representatives and keep updates posted.

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