Insurance giant Cigna’s headquarters in Bloomfield, Conn. Brad Horrigan/Hartford Courant/TNS
Evernorth’s Express Scripts, the health services division of The Cigna Group, unveiled a new rebate-free pharmacy benefit model on Oct. 27 that it says will lower medication costs, improve transparency, and support local pharmacies for its consumers.
“While pharmacy benefit managers have already helped the U.S. achieve the lowest prices for generics in the world—which account for 90% of all prescriptions—the cost of brand-name medicines remains out of reach for too many Americans,” David M. Cordani, chairman and CEO of The Cigna Group, said in the company announcement.
