Medicare and Medicaid struggles foreshadow a rocky health insurer earnings season

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Express Scripts overcharged your mail carrier

Express Scripts, one of the largest pharmacy benefit managers in the country, overcharged U.S. Postal Service employees by a whopping $45 million for their prescription drugs during a recent five-year period, according to an under-the-radar federal audit that my colleague Ed Silverman and I reviewed.

This part really caught our eyes: The biggest source of overcharges was tied to drug rebates that should not have been kept by Ascent Health Services, the opaque, Swiss-based group purchasing organization that is a sister company to Express Scripts. The company agreed to fully refund all of those retained rebates. Now, just imagine all the other companies that aren’t having their prescription drug contracts reviewed but use these GPOs as part of their drug benefits.

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Individual plans

Group plans

Monthly

$39

Totals $468 per year

$39/month Get Started

Totals $468 per year

Starter

$30

for 3 months, then $399/year

$30 for 3 months Get Started

Then $399/year

Annual

$399

Save 15%

$399/year Get Started

Save 15%

11+ Users

Custom

Savings start at 25%!

Request A Quote Request A Quote

Savings start at 25%!

2-10 Users

$300

Annually per user

$300/year Get Started

$300 Annually per user

View All Plans

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