Last week, Cigna released its earnings for the first quarter of 2021. Links below.
I was struck by how quickly Cigna’s Express Scripts PBM business has increased revenues and prescriptions from its retail pharmacy network. Our second chart below highlights this growth.
The businesses in Cigna's Evernorth segment—especially Express Scripts, Ascent Health Services, and InsideRx—are already providing rebate negotiation, network management, and/or a sourcing platform for Prime Therapeutics, Kroger, Humana, GoodRx, and Amazon.
I expect Cigna’s influence over the drug channel to expand further as other businesses step onto this burgeoning platform.
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