December 13, 2018
Express Scripts and Walmart have announced an extension to the companies' existing network agreement. The agreement provides access to Walmart's prescription services for Express Scripts clients' covered members. Further, the companies have announced they will deliver additional affordable prescription solutions to millions of underinsured and uninsured Americans.
"Helping customers save money and live better is our mission at Walmart, and a key component of that is to help them save money on healthcare like prescription drugs," said Luke Kleyn, vice president of Payer Relations at Walmart. "This new Agreement helps both insured and uninsured Americans access to affordable prescriptions."
Under this agreement, Walmart will partner with Express Scripts to access their unique pricing on dozens of brand-name prescription drugs, and create additional value for its customers. Notably, Express Scripts has introduced a solution called InsideRx, which provides discounts to uninsured Americans on a growing number of important brand-name prescription drugs. The average discount is roughly 40%. Additionally, Walmart has continued delivering value to its customers through its $4 Program since 2006.
"Prescription drugs are the first line of treatment for many illnesses, and it is critical to create and sustain affordable access to innovative therapies," said Amy Bricker, President, Supply Chain at Express Scripts. "Our clients and patients value our ability to deliver quality, cost-effective care on their terms, and we are pleased to partner with Walmart to expand affordable access for insured and uninsured patients."
Express Scripts. Walmart and Express Scripts Sign Three-Year Agreement to Deliver Greater Value to Insured and Uninsured Pharmacy Customers [press release]. https://expressscriptsholdingco.gcs-web.com/news-releases/news-release-details/walmart-and-express-scripts-sign-three-year-agreement-deliver. Published December 12, 2018. Accessed December 13, 2018.
For articles by First Report Managed Care, click here
To view the First Report Managed Care print issue, click here