Cigna and Express Scripts Secures Final Approval. What’s Next? 

Snow covers the ground around Cigna Corp. signage displayed at the company's headquarters in Bloomfield, Connecticut, U.S., on Friday, Feb. 6, 2015. Obamacare's startup health insurance plans are flirting with financial distress, as all but five of the 23 nonprofit companies had negative cash flow from operations in the first three quarters of 2014, Standard & Poor's said in a report Tuesday. Photographer: Ron Antonelli/Bloomberg via Getty Images © 2015 Bloomberg Finance LP
Dec 20 2018

Cigna is set to officially close its deal to acquire pharmacy benefits manager Express Scripts after getting final regulatory approval from New Jersey today. First announced back in March, this deal follows United Health’s acquisition of OptumRx and CVS Health’s acquisition of Aetna – ending the days of big standalone PBMs.

The goal of the deal is to allow health insurer Cigna to offer a more integrated package of benefits that will improve patient experience and decrease costs. As vertical integration in healthcare takes hold, employers will have a role to play to ensure it does in fact bring greater efficiency and savings, rather than less competition, fewer choices, and higher costs for consumers. See our post from last March for more insight into our initial response.

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