Amid increasing scrutiny of pharmacy benefit managers, Express Scripts is launching a new pricing plan that is designed to provide a clearer view on what its clients are paying for prescription medicines.
The company, which is unit of the Cigna insurance giant, will market a “fully transparent” option that involves charging a flat monthly fee for each client and passing along all rebates obtained from drugmakers. Express Scripts will also offer a plan that caps patient out-of-pocket costs from $5 to $45 for a prescription, depending upon the drug.
The effort to provide more transparency comes as Congress and the U.S. Federal Trade Commission are taking steps to probe the extent to which pharmacy benefit managers may unfairly add to the cost of prescription drugs. The move also comes after years in which drugmakers took the brunt of the criticism for rising prices for medicines.
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