Anthem Transitions its PBM Contract to CVS, Express Remains in a Favorable Long-Term Position
On Oct. 18, Anthem announced it will officially move its pharmacy benefit manager contract from Express Scripts over to CVS once the current agreement ends in 2020. Anthem will also transition most of the PBM plan management related functions inhouse and service its claims through a segment it will call, IngenioRx. This move was largely expected and upon our initial analysis, we are leaving our moats and fair value ratings intact for Anthem and Express. We plan to leave our moat rating for CVS a...Express Scripts Holding is a pharmacy benefit management (PBM) company. The company has two reportable segments: PBM, which consists of clinical solutions, Express Scripts SafeGuardRx
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